FMG 5.58% $17.59 fortescue ltd

Iron ore price, page-27650

  1. 4,565 Posts.
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    I agree. Talk of the market going back to the 5000 mark are overstated. I agree a correction is well overdue but the end of the world panic scenario is well over the top. The vaccinations will continue to be deployed throughout the year and the economies around the globe will improve in this low interest rate environment. The markets got ahead of themselves and needed to cool abit. This is great for a longer sustained recovery.

    But no need to swing the other way in hysteria. The DOW can fall another 2000 and will still be at 28000. I can see our Market head to the low 6000s but that will be a great opportunity to dip in again.
 
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