If you are talking the DOW and ASX, who knows?, but financial models I have seen say from two leading brokers (who by the way picked nickel EXACTLY the last 12 months) say an average of 10%.
Nickel is headed for $25,000 (just look at the LME stockpiles rising.
If you are talking AGM, I am fairly confident we will see low 60's and if the market panics, somewhere in the 50's.
There are always more reasons to SELL stocks than BUY. Think about it. People always have reasons to raise cash. At the moment, I don't see any good reason to be buying AGM. The sector is out of favour, nickel is in a downtrend and consequently AGM will be sold down further.
Most stocks will have a rough day Monday.
If you are talking the DOW and ASX, who knows?, but financial...
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