IMHO its people getting out in advance of potential GFC v2.0.
Overnight the US pmarkets dipped below that magic 10,000 point barrier. Sovereign risk in europe. Massive budget cuts in the UK. New mining tax regime discussions in Australia. talk of the Chinese economy slowing down...
Sorry, but in this climate one good well in the desert means diddly-squat...people are dumping any stocks that have even the slightest amount of risk.
People are scared that rather than re-bound, US markets will head towards 9,000 over the coming couple of days/weeks....taking the re
Touch and go boys, we are strapped to the rollercoaster and there is only so much time before the ride begins - like a qhost train who knows wahts coming around the corner....
The one thing that might save us is that people are in the mood to grab bargains as they appear!!
AtM
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