if the market fell to 500, then the state of the economy would be such that people would be murdering eachother on the streets and we would be foraging for food
the market follows economic activity and the earnings of companies
Centro is not a fitting example because the company had too much debt, just like BNB, ABS, AFG, CIY, etc
Bad companies are always going broke and being wound up
TONY seems disconnected from reality
For him, the charts appear to be something random rather than tied to economic activity
When bank stocks like WBC crashed to $15, this was due to many fears, such as potential bad debts, expense credit costs, etc
Falling to 500 means the end of society and civilisation as we know it
Most of us would be unemployed and those with wealth will be using it to finance private armies
