We're getting to the situation where the market is beginning to expect cuts. It'll get to the point where the Fed says "no more, it not up to us to keep stocks up" and then we're in for real carnage.
My feeling is there is significant problems globally, structurally, and interest rate cuts will not be able to stop the blood letting. It may be something that has to happen.
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Last
8,668.2 |
Change
-89.000(1.02%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,757.1 | 8,757.1 | 8,648.4 |
| XJO (ASX) Chart |