People really need to be very careful here.
MQG has been through booms and busts over its long history however it has never experienced a Credit Bubble bust.
That is why this decline is different. This is a Credit Bubble that burst and what happens when a credit bubble bursts is DEFLATION.
For the first time since the great depression you have commodoties, real estate and the stock market declining by vast levels simultaneously...
The longer this drags on the worst it will be for Macquarie.
The world is not going back to where it was b4 2007, forget it for a long time.
Macquarie dropping so hard for 10 days straight is a very bad sign. I was bearish on Macquarie and did say it will get to sub $20 but not so quickly and so viciously.
Becareful.
only $9.01 and to go now, page-36
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Last
$229.89 |
Change
0.380(0.17%) |
Mkt cap ! $87.61B | |||
| Open | High | Low | Value | Volume |
| $228.50 | $230.59 | $227.75 | $63.85M | 278.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 515 | $229.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $230.13 | 1000 | 1 |
View Market Depth
| Last trade - 16.10pm 18/11/2024 (20 minute delay) ? |
| MQG (ASX) Chart |