My friends they have lost more than a house since Oct 2007 because they were told the market had reached bottom. They ask the same question yesterday. Might be "yes"? As long as these blue chips move up another 20% they will be able to square the number and get out this market without forcing to sell their investment house(s) under the mortgage arrangement. Fortunately, they are not under margin loan or CFD.
Their hope is the government "rescue plan" can firstly helping the banks as well as these blue chips stocks.
Is the market already bottom?
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Last
$119.21 |
Change
-0.050(0.04%) |
Mkt cap ! $44.25B | |||
| Open | High | Low | Value | Volume |
| $119.64 | $120.40 | $119.20 | $133.1M | 1.113M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1215 | $119.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $119.28 | 1171 | 2 |
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| Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
| RIO (ASX) Chart |