Ok mate, have u ever heard of curcuit breakers? Even if everyone wanted to sell.. they couldn't. 5000 would be a 28% decline from the high - the 1987 crash was around 23% when the curcuit breakers were implemented. While u sell, i will buy. Several months after the 1987 crash the market was breaking new ground until 1999. So relax!
Each market crash had an accelerating trend - the crash happens due to irrational buying followed by irrational selling - The XAO shows the opposite trend - followed by short term weakness and a correction to the previous high. That's what happened in march. Is it march all over again? No idea, don't care. Don't panic! That's when u will lose.
- Not a financial advisor
- Don't have a vested interest in the XAO per se
- Seek your own advice
5000 easy fella
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Last
7,970.8 |
Change
74.900(0.95%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,895.9 | 7,970.8 | 7,895.9 |
| XAO (ASX) Chart |