Articles

In last week’s Trading Tutors Newsletter, we looked at the great European debacle and the fallout that has reverberated throughout markets across the globe.

I like to think I am not a lemming and that I can think a little like a contrarian when necessary.

ANZ, MQG and WBC all went ex-dividend in May, yet the profits made by shorting these stocks were greater than if you held them and taken the dividend.

The news hasn’t got any better in Europe and at time of writing (Wednesday afternoon, 23 May), the Australian Dollar is continuing to fall against the US Dollar, and is currently trading at 0.9760.

Whether you believed the media hype or the political reassurances and other forms of encouragement regarding the fallout for Australia from the European crisis, let the month of May be a warning: