I won't be supprise that market will rally into green late today. People might remember there is a big rate cut tomorrow.
People in US is sick and tired of bad news, now very much indifference towards it.
Imaging 23%-45% drop in car sells from Toyota, Honda, Ford to GM! No worries. "unsustainably weak"!
So it will translate into "unsustainable recession or depression"
Is this kind of first signal of market bottom because people do not response to bad news?
Well, could be wave 1 of 5 waves....
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Last
8,561.8 |
Change
-68.500(0.79%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,630.3 | 8,630.3 | 8,544.7 |
| XJO (ASX) Chart |