austin bayou, page-27

GGE held up great today. Well done to the holders


Yep carnage. The Newspapers are helping to fan investor non - sentiment

At 4.15pm AEST on Monday, the benchmark S&P/ASX200 index had lost 94.7 points, or 2.15 per cent, at 4301.3 points, while the broader All Ordinaries index had fallen 97.8 points, or 2.19 per cent, to 4361.6 points.




could be more over
CMC Markets chief markets strategist Michael McCarthy said the developments in France and especially Greece, plus the lower-than-expected number of new jobs in the US had created "an ugly confluence".

"The biggest concern for the market is Greece," he said.

"While it remains insignificant economically, the potential for them to reject the required reforms seems to be high.

"If that's the case, the damage here is political - there's a chance that they will have to exit the euro, and if that happens, it's very bad news.

"Overall, it's a revision downward of global growth."