daytrades may 21 afternoon, page-88

  1. 7,117 Posts.
    Interesting read

    http://www.theaustralian.com.au/business/opinion/buying-opportunities-amid-global-market-freefall/story-e6frg9io-1225869627890

    "The Australian S&P/ASX 200 index is now down some 15 per cent from its near-term high of 4997 points on April 15.

    From the same date, the Australian dollar had fallen 12.1 per cent before rumoured RBA intervention this morning rescued the Aussie battler."


    Add the 2 together and from an international perspective the Australian Market is now 22.1% cheaper

    Those international sellers who are leaving will be back they'll wait for the AUD to bottom
 
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