Tough call on anything at the moment. The G 20 has no plan (surprise!). The DOW has no direction and fell into the pattern of steep selling in the last hour of trade.
Personally I'm still bullish but I was bullish when the market was around 4,500!
Go long on stocks that can ride the storm out. The big four banks have done it and will do it again as will BHP. health care a safe bet as will be the big insurers. For some fun try property, hit real bad but the likes of westfield should see it through.
As for tomorrow, I wouldnt be surprised if we end in the green. Didnt get the kick on Friday and base metals are up. Expect to see money drift back into the banks except for MQG.
Have fun
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Last
8,737.2 |
Change
60.000(0.69%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,677.2 | 8,748.6 | 8,677.2 |
| XJO (ASX) Chart |