the US is in serious trouble. macro economically their economy is in strife. too many years of poor fiscal management.
fundamentally australia is a different ball game. good outlook, good growth, low unemployment, booming resources sector fueled by china and india.
sure the US is the worlds largest collective consumer. when it slows things will slow a little. but in todays day and age it is more and more less significant.
the US may crash and the USD will definitely drop. the Aussie market however is at fair value. if anything money may find it s way into australia blue chips and funds.
you may see the psychological influence of traders bring the allords down to 5700 again but it would be crazy for things to go lower. too much value...
2008 sharemarket crash, page-40
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$67.94 |
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| Open | High | Low | Value | Volume |
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| 2 | 1058 | $67.93 |
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