We bounced well from the lows and now the market looks like a lost sheep, the US housing figures came out last night and were down for July which was expected, analysts are now bracing for a VERY bad month of August because of liquidity, deals have been dropped and put of left and rite, inventorys are at levels that havnt been seen for 20 years, september will be deffinately a shocker for the housing market in the US as well as many sub prime loans that have to be reset or foreclosed, take your pick, its going to be bad for the home owner.
Most analysts in the US are agreeing for once that the worst is yet to come, most fund managers in the US are already accepting that they wont be making money for their clients. Tough days ahead for the yanks which will no doubt spill over to world markets.
Caution needs to be taken for the coming 4 to 8 weeks.
markets have no direction
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Last
$63.29 |
Change
0.930(1.49%) |
Mkt cap ! $12.28B | |||
| Open | High | Low | Value | Volume |
| $62.99 | $63.47 | $62.92 | $11.93M | 188.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 108 | $63.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $63.29 | 7 | 2 |
View Market Depth
| Last trade - 15.20pm 11/07/2024 (20 minute delay) ? |
| ASX (ASX) Chart |