Hmmm ... the index is now trading less than it was this time last year and now down 17.2% from the Nov07 high.
The XPJ (property index) is down 32% having wiped off the last three years of gains.
Program traders usually kick in around 10% and if the past is any indication, fundies will be selling off due to liquidations in the panic to cash.
Let's hope that we don't see a repeat of '87 ... noteworthy that as dramatic as the Oct87 correction was, it only wiped off that year's manic frenzy, returning to 1986 levels.
Cheers ... tight stops.
This is only my view ... read the black stuff.
- Forums
- ASX - By Stock
- XJO
- 258 billion wiped off bourse ... rush to cash
258 billion wiped off bourse ... rush to cash
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add XJO (ASX) to my watchlist
(20min delay)
|
|||||
Last
7,959.3 |
Change
69.700(0.88%) |
Mkt cap ! n/a |
Open | High | Low |
7,889.6 | 7,969.1 | 7,889.0 |
Featured News
XJO (ASX) Chart |