More bad news to come, when it breaks the US dollar will drop, China will drop even more exports which will slow down Australia even more.
I think residential property was the first to drop in the US, now the commercial markets are the next big thing.
Its estimated that in 2008 1.4 million homes were lost but 2009 estimates 3.5 million will go.
Just like 1929, the market crashed, then it picked up a little only to nose dive again. We are following this same pattern.
http://au.biz.yahoo.com/090817/31/280rr.html
Short term traders its a bad position to be in, long term like in 3 to 5 years it might be ok.
another us shock lurking in commercial propert
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$34.75 |
Change
0.270(0.78%) |
Mkt cap ! $65.99B | |||
| Open | High | Low | Value | Volume |
| $34.97 | $35.15 | $34.67 | $113.8M | 3.272M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 11747 | $34.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $34.76 | 5103 | 2 |
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