This crash is identical to the 2008 crash where days in a row it kept on going down leading into weeks then months.
Might be time to cut losses and come back in when things level out.
Nerves of steel required on whether to hold or cut losses. I bought most of my stock at 25c and the last buy
was for about 130,000 at 75c only about a week ago. It had been going from 74c to about 82c to 85c for a while where it was up and down.
Now a stock market crash and commentators are saying we are in a bear market now and that doesn't end well.
Means the stocks will go south with the odd jump up then back down so a downward trend has only just started.
Could go on for several weeks.
I doubt we'll see a surplus from the Australian government now. Things can change without warning.
The feds will have to start spending to get confidence back into our market or face recession and with an election due
early in the new year they won't want that still going.
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