Hi Y'all,
Well, the ASX has succumbed to international pressures, as they must. And dipped into the 4600's.
Australia's financial position is sound and falls in the shares simply are following trends. At the moment there is a lot of panic selling from people who think this is the END.
Well, it probably is for them as they bought high and are now selling low, as fast as they can.
I say DO NOT PANIC and simply wait. The market is NOT going to take every stock to zero. The odd one? Yes but who hasn't had one stock tank even when prices are high? Just sit and wait. If you like, don't even look at the market if you are afraid.
Patience will bring better prices as those selling in panic right now are really just creating a market for the vultures who will swoop when they think it's as cheap as it's gonna get. That, my friend, is how the market works. Diversify and wait.
Well, the ASX has succumbed to international pressures, as they must. And dipped into the 4600's.
Australia's financial position is sound and falls in the shares simply are following trends. At the moment there is a lot of panic selling from people who think this is the END.
Well, it probably is for them as they bought high and are now selling low, as fast as they can.
I say DO NOT PANIC and simply wait. The market is NOT going to take every stock to zero. The odd one? Yes but who hasn't had one stock tank even when prices are high? Just sit and wait. If you like, don't even look at the market if you are afraid.
Patience will bring better prices as those selling in panic right now are really just creating a market for the vultures who will swoop when they think it's as cheap as it's gonna get. That, my friend, is how the market works. Diversify and wait.
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