I didn't get back in last night as I thought the US would drop a bit. Wrong! I read the US news this morning and everything was negative but it went up because of Euro bank bond auctions. People are buying bonds with a 0.79% return. That is the equivalent of putting your money in a term deposit on less than 1% interest except the risk of NAB or ANZ going bust is actually less than Spain/Greece/Portugal/Ireland going bust and ANZ are currently paying me over 6%!!! Figure that one out.
Buying bonds now is a license to lose money. When rates go up their value will fall out of the sky. And what about inflation?!?! Imagine if inflation goes to 8% (not that long ago for Australia). Imagine you were holding Euro or US bonds returning 1% and inflation went to 8%.
Hotfire, what is your prediction today?
I didn't get back in last night as I thought the US would drop a...
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Last
$5.71 |
Change
-0.050(0.87%) |
Mkt cap ! $3.626B | |||
| Open | High | Low | Value | Volume |
| $5.82 | $5.85 | $5.71 | $3.075M | 533.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 23129 | $5.71 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.76 | 1925 | 2 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| DOW (ASX) Chart |
