SP action feels weak. Red days we get nailed, green days we hardly move
... I wonder if its a reflection of the up and coming 4c?
Do not forget that the atmosphere around all things economic is toxic according to the press around the world.
According to the press we will not be able to afford fuel for our cars, eat lettuce in winter, pay our mortgages, or vote for an honest intelligent politician ever, ever again.
Almost forgot the most devastating event bananas are in short supply and Puto’s war that is not a war will last forever. And if that’s not enough China is about to invade and enslave our children.
Then we have floods and houses washed away that were built in locations where Governor Macquarie directed houses should not be built because of the flooding he observed two centuries ago and which we in our wisdom ignored.
The point being there is very little retail confidence. We have even seen it on these threads.
Market players rely upon sentiment. They use good sentiment to cause prices to run too far up and bad sentiment to cause prices to run down to far. They trade on human frailty.
This however is not a new thing as the following highlights:
SAID HANRAHAN by John O'Brien
"We'll all be rooned," said Hanrahan,
In accents most forlorn,
Outside the church, ere Mass began,
One frosty Sunday morn.
The congregation stood about,
Coat-collars to the ears,
And talked of stock, and crops, and drought,
As it had done for years.
"It's looking crook," said Daniel Croke;
"Bedad, it's cruke, me lad,
For never since the banks went broke
Has seasons been so bad."
"It's dry, all right," said young O'Neil,
With which astute remark
He squatted down upon his heel
And chewed a piece of bark.
And so around the chorus ran
"It's keepin' dry, no doubt."
"We'll all be rooned," said Hanrahan,
"Before the year is out."
"The crops are done; ye'll have your work
To save one bag of grain;
From here way out to Back-o'-Bourke
They're singin' out for rain.
"They're singin' out for rain," he said,
"And all the tanks are dry."
The congregation scratched its head,
And gazed around the sky.
"There won't be grass, in any case,
Enough to feed an ass;
There's not a blade on Casey's place
As I came down to Mass."
"If rain don't come this month," said Dan,
And cleared his throat to speak -
"We'll all be rooned," said Hanrahan,
"If rain don't come this week."
A heavy silence seemed to steal
On all at this remark;
And each man squatted on his heel,
And chewed a piece of bark.
"We want an inch of rain, we do,"
O'Neil observed at last;
But Croke "maintained" we wanted two
To put the danger past.
"If we don't get three inches, man,
Or four to break this drought,
We'll all be rooned," said Hanrahan,
"Before the year is out."
In God's good time down came the rain;
And all the afternoon
On iron roof and window-pane
It drummed a homely tune.
And through the night it pattered still,
And lightsome, gladsome elves
On dripping spout and window-sill
Kept talking to themselves.
It pelted, pelted all day long,
A-singing at its work,
Till every heart took up the song
Way out to Back-o'-Bourke.
And every creek a banker ran,
And dams filled overtop;
"We'll all be rooned," said Hanrahan,
"If this rain doesn't stop."
And stop it did, in God's good time;
And spring came in to fold
A mantle o'er the hills sublime
Of green and pink and gold.
And days went by on dancing feet,
With harvest-hopes immense,
And laughing eyes beheld the wheat
Nid-nodding o'er the fence.
And, oh, the smiles on every face,
As happy lad and lass
Through grass knee-deep on Casey's place
Went riding down to Mass.
While round the church in clothes genteel
Discoursed the men of mark,
And each man squatted on his heel,
And chewed his piece of bark.
"There'll be bush-fires for sure, me man,
There will, without a doubt;
We'll all be rooned," said Hanrahan,
"Before the year is out."
Around the Boree Log and Other Verses, 1921
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