It will have to be a once in a century event if much worse is to come immediately and it may be.
US monthly indicators are saying more direct downside on a month end basis is worse that anything since 1974.
Similar indications for the local market.
They are month end indications and much can happen between now and end Sept or even within Oct.
Could be but since I don't see the bear finishing for many years, I have to suspect there is rally to soak up some time before more to come.
I am also starting to feel a sense of desparation and towels being thrown into the ring.
There might be a lot more of that but..
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Last
8,668.9 |
Change
0.700(0.01%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,668.2 | 8,714.6 | 8,652.6 |
| XJO (ASX) Chart |