dow closes 363 points down, page-2

really unusual set of circumstances in todays fall as well.

they are citing the Fed may have ended its cuts and fear of a slowing economy.

which are both at odds with what we saw yesterday.

The US recorded growth of 3.9% and they dropped interest rates.

any country in the world would be happy with 3.9% growth

that being said there is obvious concern over the housing sector and its implications filtering through the broader community.

i suspect we will see one more rate cut from the US just to ensure any impact from the housing issues are softened.

and in an ironic twist,we have a booming economy where our reserve bank will be looking to intervene to slow the economy.

i suspect we will see that rate rise in December and will possibly be a 50 basis point move.

All in all..........crazy times.