The US market generally refers to S&P 500. The DJIA is not much of a barometer of anything much.
DOW is a barometer of how Australian general market conditions and Australian geopolitical risk is calculated as a core Australian national defense contractor and major transport infrastructure contractor. If it is down. sign that Australia is down.
Australia and the ASX are now so weak it might be a geopolitical risk and a sovereign risk to be NAB based in Australia when the Australian economy is just in appalling trash like conditions having been in a recession for 21 months.
The Four Pillars Policy propping up NAB and its solvency might be uneconomical for Australia if there are geopolitical risks and Australia's sovereignty is in question, NAB might not survive such an event and is extremely high risk IMHO.
NAB Price at posting:
$37.57 Sentiment: Sell Disclosure: Not Held
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