It would appear that the traditional corrections the markets see in October have been delayed until December (at least this year).
Base metals tanking, POO sinking, financials hurting... the list goes on and on. Ultra scary watching BHP, Woodside and Rio taking massive hits (can't remember the last time they were savaged this much). These are solid blue chips with enviable dividend policies. Does not bode well for a second tier company like Santos.
This is a bear market and I cannot see it righting until the new year - at the earliest.
This bear will be big and painful (beware of a bear with a sore head). Market still has a long way to fall.
My opinion only.
Is this the traditional October correction?
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Last
$6.80 |
Change
0.160(2.41%) |
Mkt cap ! $22.08B | |||
| Open | High | Low | Value | Volume |
| $6.71 | $6.81 | $6.70 | $49.48M | 7.310M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 85028 | $6.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.81 | 85650 | 9 |
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| Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
| STO (ASX) Chart |