Three predictors defied the market downturn in the first week of the new round of our race shares to make money.
Speaking for me is a shame that only pretend money. Also who would want to risk $ 100,000 on a four-week punt?
On average would have been reduced to $ 99.227 after a wild week of market movements, all driven by events at sea.
The market is in a tizz about the global economy apparently impaired, witnessed the Shock fall in industrial production in Germany until now the economic engine of Europe.
Then there are the trimmed-down forecasts from the International Monetary Fund, which, although less optimistic than before, still show economic improvement next year.
Worse, said sharemarkets could be getting a little "frothy".
Although this was a moment forgotten the next day when the minutes of the Federal Reserve of the United States were unexpectedly pessimistic, Wall Street ended the week much less foamy.
The Fed should have known what was going to say the background, as it warned the American growth "could be slower if economic growth abroad was weaker than expected."
It is also concerned about the impact on the American economy strengthening greenback.
All this, the market quickly realized, ended any imminent increase in interest rates the Fed said it would not happen for a "considerable time". Sound familiar? Undercover comment of our own Reserve Bank a "period of stability".
Best action from the race after the first week is Pancontinental Oil & Gas incurred by an explanation from the ASX for their efforts even though it is still only worth 4 ¢ per share.
They replied that there was great interest in the prospect of Kenya "because of the recent success of the discovery well Sunbird-1 oil and gas", which actually dates back to June.
