Monday, 13 October 2014

Market update 13/10/14

Hi y'all,

Just a quickie here.

You might recal the USA Dow market fell another 115 points last Friday night, Australian time.

Well today's ASX fell another 32points and it is now down to 5153. Not good but it is 5000 we don't want to see it go down past. That's the trigger point. There's nothing positive happening that I know of but I know nothing really, as you know. Just following the numbers etc.

2 big miner's were the only 2 in the top 10 stocks today to make gains. This seems cyclical and is a hangover from the mining boom. People are just hoping. At this stage, stay out is my preference.


 

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