Marc Faber suggests:
There have been four mega bubbles in the past 40 years. In the 1970s it was gold; in the 1980s it was the Nikkei, and in the 1990s it was the Nasdaq. Bigger than all of them, though, has been the iron ore bubble, a tenfold increase in prices in less than a decade.
Here’s iron ore priced in dollars:
It was a day which had more in common with last week’s vacation trading than the start of a new trading week. Indices were little changed on the day, trading in a narrow range on slightly heavier volume.
The chief concern was the semiconductor index. It dropped further away from a down-turning 20-day MA, finishing on 390 support. Bulls won’t want it to lose much more with the 50-day MA at 383, the last line of defense for bulls.
The worry for the Nasdaq and Nasdaq 100 is while they are holding 20-day MA support, the influencing semiconductor index is pulling further away from its own. Both tech averages are operating on a ‘sell’ trigger in their MACDs, but other technicals are holding the bullish line.
Those looking for a long trade can focus on the Dow which is holding rising trendline support having bounced off its 50-day MA.
Markets are still vulnerable, although I have taken a long position in the XLU from today’s open. I suspect there is still enough juice in the tank to see another leg higher.
Source: Folland Stock Picks
by MARTIN SPEEDIE on AUGUST 3, 2012
We have created the infographic below using data from the 2011 Census. We have compared it with the previous Census (2006), as well as with data from other sources.
This infographic gives a clear picture of the state of the Australian property market. It provides for some very interesting reading for both the seasoned property investor, and for those looking to invest for the first time.