RBA meeting effect on XJO?

asxiq said:

Date Change %
06-Dec-11 -1.50
01-Nov-11 -1.52
04-Oct-11 -0.64
06-Sep-11 -1.60
02-Aug-11 -1.43
05-Jul-11 -0.27
07-Jun-11 -0.06
03-May-11 -0.84
05-Apr-11 0.27
01-Mar-11 -0.11
01-Feb-11 -0.04

9/10 prior meetings ( excluding today) in 2011 have resulted in loss

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skc said:

If RBA raises interest rate, it means it is putting on the brakes... market should fall.
If RBA lowers interest rate, it means the outlook is negative... market should fall.

On the other hand.

If RBA raises interest rate, it means the outlook is positive (and hence RBA wants to slow it down)... market should rise.
If RBA lowers interest rate, it means it is cheaper to borrow and everyone has more money to spend... market should rise.

In conclusion... go with what the stats say.

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