Yep , the days of looking forward to green days are gone for the time being . These idiot investment managers watch the dow futures like a hawk and will react if it is red regardless of what is actually happening ( even though the futures are never ever correct especially before 1-2pm ) . The other factor other than the sheep that run these investment portfolio's is that no overseas investors apart from the chinese want to touch us because of our Govt . The chinese simply pay an investment company to sell down a share until they can offer a 20-30% premium on a price that is sold down by 50-60% , management then decide to recommend shareholders to accept the takeover becasue they will be the only winners on it and then we let them do it . The ASX has no control over who , how and when all of the above happens . It replays itself over and day after day and gets progressively worse with every bad sesssion .
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Yep , the days of looking forward to green days are gone for the...
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