IMHO i would not be surprised to see the DOW down to around 12800 level tonight.
My take is that there is a rotation of stocks taking the fall. The big four banks atm seem to be trading sideways. MBL RHG BNB and the like are taking the hit for the financial sector.
Now we see today the resource sector taking a hammering. Its a rotation of risk, no different to what happened this time last year, the only difference is that we are falling from a higher height.
All the cr ap stocks are going to be hit hard but the good div yielding ones are sweet to buy.
Nothing negative about a fall in the market. It only affects you if your skinning ya knuckles trading.
IMHO i would not be surprised to see the DOW down to around...
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Last
$60.90 |
Change
-0.470(0.77%) |
Mkt cap ! $11.80B | |||
| Open | High | Low | Value | Volume |
| $61.08 | $61.08 | $60.58 | $14.59M | 239.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8 | $60.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $60.92 | 16584 | 6 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| ASX (ASX) Chart |