That's a brave call Shepo, with last nights fall the Dow has been down 7 out of the last 9 sessions.
Don't underestimate the power of leveraging when it reverses. A hedge fund that invested in mortgages typically only put in 10% and borrowed the rest so they have lost the lot. Others funds and individuals leveraged into the hedge funds meaning they have to sell other assets to cover their losses - into falling markets perpetuating the downward spiral.
My bet - it ain't over til it's over, = up at least 7 sessions out of 9.
i tip, page-7
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Last
$58.49 |
Change
0.230(0.39%) |
Mkt cap ! $11.34B | |||
| Open | High | Low | Value | Volume |
| $58.49 | $58.80 | $58.15 | $57.32M | 970.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 20975 | $58.49 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $58.50 | 80 | 1 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| ASX (ASX) Chart |