there is very real panic just now, Benerick, with China leading the way ahead of Wall St, and us following....
45% of the Chinese market is now in trading halts trying to avert a total meltdown......
"More than 500 China-listed firms announced trading halts on the Shanghai and Shenzhen exchanges on Wednesday, taking total suspensions to about 1,300 - 45 percent of the market or roughly $2.4 trillion worth of stock - as companies scuttled to sit out the carnage." http://www.reuters.com/article/2015/07/08/us-china-stocks-idUSKCN0PI04Q20150708
Right now would be a good time to be cashed up and out of everything.... buggered if I know where it will all end....
but I do have a feeling that no presentation in Noosa will help our SP.....
I did expect some market jitters to be caused by Greece..... But I certainly didnt see the collapse of the Chinese markets coming.... We didnt need that, did we?
GZ
CAS Price at posting:
13.5¢ Sentiment: Hold Disclosure: Held
