"Why is the market recovering? All of it's current afflictions are nowhere near over..."
In my opinion -
Because sentiment got too bearish and we almost priced in the end of shares!
To think that we were down 600 points at one stage last night (got to 3960 from memory) and now at 4520 is amazing.
If we can drop over 600 points in one day it makes you question the March lows. Shows it could get there in a couple of days if it wants....
fat fingered friday, page-69
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Last
7,816.8 |
Change
-12.900(0.16%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,829.7 | 7,829.7 | 7,782.0 |
| XJO (ASX) Chart |