FMG 1.10% $19.76 fortescue ltd

-Tower of strength - in a potential stock market bubble?, page-7

  1. 3,940 Posts.
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    When the ASX gets around this figure it crashes back.
    We had a recent correction and a big fall may well come due to the newer strains of the virus
    which is locking down entire countries now.

    Don't forget how all this started in the first place.

    When people can't get out and move about due to a pandemic industry comes to a grinding halt and people don't have the money to buy
    and that is how crashes occur.

    Only a very few countries getting back to near normal but most are still living in hell and can't get out.
    When companies start reporting massive losses that can panic the market. C-Bank had a massive loss as will other banks.
    To many negative losses from large corporations can trigger a panic.

    The miners will have massive profits but just about every other company having massive losses.
 
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