The Australian dollar, and the dis-believing of any risk Australian stock market remain potential big movers.

Immediate consolidation with slight upside perhaps, but with a bearish outlook based on the economic fundamentals. The flaw may of course be that economic fundamental realities do not matter any more.

My view, the world awash with money combined with blind bullish sentiment can only merely delay the inevitable closing of the price-reality gap.

The hard part, obviously, is how long that time delay piece of string is?

Sell Australia

Aug 11 2021