our market is dominated by banks and resources
the global banking system is imploding and nobody can predict the final outcome.
recessionary forces are predominant in global economy. prices for ALL asset classes are falling...in some cases rapidly.
i have no crystal ball but gerard minack's prediction that asx200 could fall to 3500 before a bottom is found sounds as good as any to me.
if you're holding, either sell everything today or hang in there
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Last
8,595.8 |
Change
-1.900(0.02%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,597.5 | 8,623.6 | 8,543.2 |
| XJO (ASX) Chart |