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06:42
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Originally posted by Gazdix:
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Why hasn't the ASX really dropped yet? Of course it may still happen and we may see the 3500's or so. But I have a theory that unlike market crashes of the past including the GFC which was 12 years ago and didn't really affect Australia, that investors and shareholders may be wealthier either in the financial sense and more knowledgeable so in a position to not panic as much and keep a bit of optimism. That is why it hasn't gone down too much.
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I think it is still too early to say. I suspect we will blow through recent lows in the next couple of weeks or longer, particularly when we tally up the cost of all this.
