A Turning Point for Shares?
News
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Posted 28/07/2015
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2621
We are seeing a distinct change in 2 of the world’s biggest stock markets that may indicate the easy money game is no longer working.
Yesterday right toward the end of trade, the Shanghai Composite plunged nearly 8.5% in its biggest one day drop since the start of the GFC and second biggest in history.
![](/root/NewsArchive/Images/2015/7/chinese-20stocks.webp)
In the US we are seeing the S&P500 break key resistance lines not broken since the post GFC rally began and looking like the formation of a down trend. Note each time prior when there was a downturn it was reversed by the US Fed starting a new round of QE. Funny that now it is happening again they are talking about RAISING rates… the opposite of previous stimulatory responses. What could possibly go wrong?
![](/root/NewsArchive/Images/2015/7/us-20stocks.webp)
Our Aussie All Ords seems to be on a similar path…
![](/root/NewsArchive/Images/2015/7/all-20ords.webp)
So there appears to be a choice between buying something at or just past its top, or buying something (say, gold and silver) that looks at or near its bottom...