has anyone noticed that the last two days of the asx getting smashed is occuring on the same days of the month as it did when it bottomed back in august. i remember back then someone explained it as hedge funds find out around this time of the month how much money people are pulling out of them and if this is a lot they then have to sell assets/shares to meet the needs of the withdrawals so this resulted in the share market getting smashed cause everyone wanted out. i was just wondering if this might be what is going on again now.
i probably am not explaining myself very well but if someone who knows could explain it better or just shoot me down that would be great.
monday, page-141
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Last
8,295.1 |
Change
68.800(0.84%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,226.3 | 8,319.4 | 8,226.3 |
| XJO (ASX) Chart |