XJO 1.34% 7,971.1 s&p/asx 200

where has farsight gone, page-7

  1. 17,444 Posts.
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    Farsight

    This dump-a-stock-a-day without killing the market is interesting.

    I can't figure out if if it is good or bad.

    So far it has helped, no doubt.

    Is it the short sellers meeting each morning to pick a stock to slaughter.

    So many stocks have fallen 33% to nearly 50% and yet the market has fallen 25%.

    If everything had fallen at once we could easily be down 50%.

    I do worry that the resources could have their down season yet and as heavy weights we will see the market take it hard.

    BHP seems limited at $40 for instance, and momentum for them seems overbought.

 
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