Back to sell the rallies mode... with a great deal of conviction! A spike on a rate cut would be a sell IMO.
You don't have to be Einstein to figure out what credit crunch + Recession = for the stock market.
The economy in the US was stronger in 87, however stocks were overvalued on a PE basis.
crash part two, page-53
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8,118.8 |
Change
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| Open | High | Low |
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| XJO (ASX) Chart |