Such wild swings at the moment.
It's a very choppy and volatile market, wild swings that you see only when the market is unsure of how to price itself.
Like with the banking crisis of 2008/2009 when CDO exposure was hard to price, the PIGS (Portugal, Ireland, Greece and Spain) are sick and more is to come I'm sure as these issues are contagious.
Some of our banks are obviously exposed to Euro debt and more write offs to come it seems.
Gerald Celente so far has called it perfectly with his 2010 predictions -
http://www.youtube.com/watch?v=YZHOiTsDvlc&playnext_from=TL&videos=ucMMdANNdsE&feature=rec-LGOUT-exp_fresh%2Bdiv-1r-6-HM
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Last
8,580.1 |
Change
-9.100(0.11%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,589.2 | 8,619.8 | 8,568.2 |
| XJO (ASX) Chart |