Hi there,
Well, the Dow had one plus day this week but two downs. One of only 5 points but last night the market went nuts with fear.
At one stage apparently the DOW was down 460 points on the day.Biggest drop in 4 years. It did, however, recover to finish only (ONLY???) 200+ points down on the day.
The US markets have now wiped out the entire calender years gains and are now slightly in the red for 2014. Not looking good at all. The question really is what drove the one good day? Again my guess is people buying what they think are cheap stocks. Let's hope they were right and it recovers but panic is in the air over there.
On the Aussie ASX we have had two good days plus 50+ and plus 30+ this week so the ASX sits at above 5200, about 5235 before trading starts today. I can't see the ASX not dropping today, but how much? Sit tight.
And don't forget the effects on your Superannuation. If the ASX drops so will your future Super.
Well, the Dow had one plus day this week but two downs. One of only 5 points but last night the market went nuts with fear.
At one stage apparently the DOW was down 460 points on the day.Biggest drop in 4 years. It did, however, recover to finish only (ONLY???) 200+ points down on the day.
The US markets have now wiped out the entire calender years gains and are now slightly in the red for 2014. Not looking good at all. The question really is what drove the one good day? Again my guess is people buying what they think are cheap stocks. Let's hope they were right and it recovers but panic is in the air over there.
On the Aussie ASX we have had two good days plus 50+ and plus 30+ this week so the ASX sits at above 5200, about 5235 before trading starts today. I can't see the ASX not dropping today, but how much? Sit tight.
And don't forget the effects on your Superannuation. If the ASX drops so will your future Super.
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