RED 2.70% 36.0¢ red 5 limited

Last night the DOW cracked and the US$POG had a big selloff in...

  1. 2,337 Posts.
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    Last night the DOW cracked and the US$POG had a big selloff in sympathy - how much more to come.
    The only thing holding up the DOW has been the magnificent 7 - the rest have been in bear terrrority for some time - this could get really ugly.
    The weakening A$ is a story in its own right - its partly related to the US$ but its also telling how vulnerable our economy is to a further downturn in our export markets particularly China - will this be enough to preserve the A$POG - we're about to find out - down get rid of those hedges yet.
    https://hotcopper.com.au/data/attachments/5957/5957898-e97885d486c7cb6f8bec536d675cbd0b.jpg
    https://hotcopper.com.au/data/attachments/5957/5957900-24804a235a03f854a69186f57d82f9ec.jpg
 
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