The US market is, I believe, effectively on hold while solutions or not to the financial mess are sorted.
So there is no long-term or even medium-term investment outlook. In the absence of certainty, investors who can't see past the daily 4 pm close, are selling, and of course pushing down the DOW.
The uncertainty is playing havoc with prices...for commodities, for currencies.
But no stable, medium- or long-term pattern is in place for prices during this instability.
What is down today can be up sharply tomorrow. And vice-versa. Witness the roller-coaster ride of oil....The roller-coaster ride of equities.
That is why I scoff at SP projections, up or down. They are guesswork.
Sometimes ridiculously so.
Charts can be like roadmaps. A map shows that if you leave Melbourne at 0 kilometres and follow the Hume highway you'll be in Sydney at 800 km. (The share prie is at $37 and if it keeps falling it could hit $31).
But there is nothing on the map to say you MUST follow the road all the way to Sydney. :)
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Last
$45.20 |
Change
0.140(0.31%) |
Mkt cap ! $229.7B |
Open | High | Low | Value | Volume |
$45.45 | $45.74 | $45.16 | $197.7M | 4.355M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 1742 | $45.19 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$45.20 | 345 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 1742 | 45.190 |
15 | 6340 | 45.180 |
12 | 6830 | 45.170 |
13 | 3068 | 45.160 |
9 | 15437 | 45.150 |
Price($) | Vol. | No. |
---|---|---|
45.200 | 345 | 8 |
45.210 | 2048 | 10 |
45.220 | 2757 | 11 |
45.230 | 2921 | 10 |
45.240 | 2024 | 7 |
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