What happens when short selling goes wrong
Call it one for the true believers in Myer. Shares in the retailer jumped 10 per cent on Friday and caused a real headache for the short sellers.
Philip Baker writes on markets specialising in bonds, equity markets and currencies. Based in our Sydney newsroom, Phil is a markets columnist.
Call it one for the true believers in Myer. Shares in the retailer jumped 10 per cent on Friday and caused a real headache for the short sellers.
Traders are putting a low probability on a 1994-style sell-off in bonds. But they missed Brexit and Donald Trump's win too.
For years falling bond yields were good news for equity markets but the recent savage selloff means shares will struggle to rise.
Charlie Aitken thinks the sell-off in bonds has got further to go and the recent rally on Wall Street will turn out to be short-lived.
There's no doubt the US election result sparks a round of volatility but that also means opportunity for investors.
The cost of servicing debt in the next few years could rise more than people have anticipated, especially with Trump's expansionary policies...
The woeful track record of financial markets in pricing political risk was on display again with the US election.
Investors have got so worked up about a Trump victory that they have forgotten it is Clinton leading the polls.
It's not unusual for stocks to fall in November and some experts are predicting a rally will start in a few weeks.
It doesn't matter who wins the US election, stocks are in for a tough time.
The latest house price figures suggest property is the main game right now, but that could be misleading.
It's still too early to say the Reserve Bank won't cut rates again.
Financial markets don't take Donald Trump seriously. But writing him off too soon could prove just as problematic as Brexit.
November is shaping up to be a ''shocker'' for the share market, says Bell Potter's Richard Coppleston.
The travails of Crown, Blackmores and Bega have shown the investing in China has risks as well as opportunities.
The inflation report still gives the RBA an excuse to cut the cash rate to 1.25 per cent as soon as Melbourne Cup Day if it really wants to.
For those that want house prices to fall so everyone else can buy in, be careful what you wish for.
The Woolworths AGM is still a month away, but already chairman Gordon Cairns has been asked a few tricky questions by money manager Peter Mo...
Low wage growth might give the RBA a reason to cut the official cash rate one more time.
Hedge funds keep shutting down but it's still possible to make money
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