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Indeed something very weird going on. Total sell off in Med...

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09/12/19

18:10

Post #: 41875369
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Originally posted by 1ronnie ↑

So it is one of those unexpected outcomes at the local market appearing once again - our local ASX didn't share the Dow upbeat on Friday and that is fine but wait, while the indices are looking ok, there has been a rather bigger than usual across the board sell down especially across mid and small caps. Inexplicable? Surely it is not China's declining export figures.

When there's been an inexplicable sell-off, you join them as well? Didn't market participants sell down WAAAX by 4% on 6 Nov only to see it rise 18% in over several trading sessions thereafter.

A confused market reign supreme once again, or have market participants decided to shrug off the good rise on Wall St on Friday and look ahead of the futures which is pointing a little south. Go figure , but we may be experiencing a rather substantial lacking in confidence. And confidence is what drives the market.

The local market won't be crashing anytime soon, I haven't sold yet....that was a joke!

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Indeed something very weird going on. Total sell off in Med Cannabis stocks, but also growth stocks such as PNV in steady decline, and some of the other ones you previously covered. Gold stocks smashed as well, as if the world is never going to end. What a Trump tweet can do....and still so many believers in him....
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