pen or japanese earthquake & tsunami, page-27

It is strange how things work out. Two separate world events i.e. unrest in Middle East & Asia, and now the devastation in Japan as a result of earth quake.

The oil price increase was attributed to concern of unrest in the oil rich nation, and hence we saw pressure on world stock market as there were concern of increasing the cost to businesses etc. The oil price then fell because of Japan's earthquake, being the third largest oil consumer.

Today the oil price has drop below USD100 per barrel (psychologically important and positive for the market) and at their noon Friday, Dow is in the green zone.

Wonder how the Aus market will react on Monday, with the positive news of the drop of oil price (which should be positive for the stock market), offset by the uncertainty in middle east & north africa and the devastation of some parts of Japan (aus major trade partner) due to the earth quake.

Interesting times. If the market goes red come Monday, it will be
good opportunity to raid my piggy bank to acquire more shares.

Quantum46
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