The All Ordinaries has fallen in much the same way as crude oil has risen. But since oil corrected, the bounce in shares hasn’t taken off yet. There are a couple of reasons that might be the case. The oil price might not be the cause of share price movements. Or a bounce in shares might be ahead. We think it’s somewhere in between. Crude oil certainly isn’t the only cause of the downward slope in the All Ordinaries this year. Worries about inflation and earnings are right up there.
July 24th, 2008 | Al Robinson | 0 comments | ContinuedAll Posts Tagged With: "all ordinaries"
All Ordinaries Reach 52 Week Low
It’s pretty bad out there. Before he left to have his Visa renewed in New Zealand, our technical analyst Gabriel told us to watch 5,050 on the All Ordinaries. We’re watching. The All Ords opened up and promptly fell two percent to 5,105. It’s a new 52-week low. What about that data yesterday on the housing market and retail sales? Retail sales rose by 0.7% in May. Apparently that was stronger than analysts expected. Should it surprise anyone?
July 3rd, 2008 | Dan Denning | 5 comments | Continued
All Ordinaries Down 17%, Worst Showing in 30 Years
The All Ordinaries is set to finish the financial year down around 17%. That would be its worst showing in nearly 30 years. The financial year performance is what matters to super investors. But it doesn’t really tell you the whole story, does it? Since June 30th, 2003, the ASX/200 is up 72%. That includes the 23% fall we’ve had from the early November high of 6,828. It all depends on how you define your terms, doesn’t it? The RBA’s latest chart pack has three interesting charts.
June 30th, 2008 | Dan Denning | 2 comments | Continued