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.
That's a brave call Shepo, with last nights fall the Dow has...
Add ASX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$60.90 |
Change
-0.470(0.77%) |
Mkt cap ! $11.80B | |||
| Open | High | Low | Value | Volume |
| $61.08 | $61.08 | $60.58 | $14.59M | 239.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8 | $60.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $60.92 | 16584 | 6 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| ASX (ASX) Chart |