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Are we in a bear market rally or a new bull market? What stock is best to invest or trade in? Is it going up or down from here? In this article we are going to have a look at the current position of Santos (STO:ASX) and how we would analyse its prospects.
It’s very easy to take something as straightforward as a market and make it seem immensely complicated, and it’s something that we all do. But let’s step back for a moment and examine exactly what the market actually is.
As I scanned the financial print headlines Thursday – I only scan as reading detail clogs my brain – I quickly recalled a heading only a day earlier which just told a very different story. On Wednesday our Reserve Bank Governor was reported – on the same front page - as saying things would be sweet as here in Australia – well not in those words. And then on Thursday the IMF were reported as saying we are heading down the gurgler.
The rally has begun but getting too excited too early can lead to damaging results.
Noel Campbell
21 Apr, 2009
Well the last month since speaking with you has been basically nothing but up with only short time duration reactions, indicating a strong trend.
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