XJO 0.10% 8,214.5 s&p/asx 200

october 10, page-6

  1. JK5
    2,000 Posts.
    Morning Everyone,

    I did not the whole night. Hoping to see whether the US could have a green night because of Paulson's new plan to inject fund directly into the banking system.

    Blame it on Standard and Poor putting GE on negative credit watch - that was reason wny the market sold furiously during the last hour. This rating agency has rock in its head. Why do you destablised the market at this time? I am sure the media will have a field regarding the rating remarks.

    Also some redemptions by Mutual Funds during the half hour before closing.

    I hate it when the US sell off and we get hit for no apparent reason. London Metal Exchange - metals were positive. Hope our market knows the reason why and not concentrate just on the absolute number.
 
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