Until you discover that the smartalecs in the US re-sold the debt of the crappy sub-prime loans as 'you beaut' high return investments (and here is the key) to everyone all around the world!!
US is the biggest economy, so if they go down the gurglers all the multi-nationals that do business there will suffer.. no choice.
There is no sane point of view based on future earnings anymore.. otherwise why is BHP being hammered?
What's happening in the US should be of secondary concern to our markets ===> thats also what i thought.. but we follow the dow like good little students.
further, hedge funds decide to short shares (even sound ones) and then egg them on to keep dropping. Who knows what else they do to help the share prices crumble.
Small timers can trade blue chips long or day trade total speccies where no hedge funds are meddling.
