No one was advocating it was the end of the world, but if you had bought in at AORDS 4800 - 5000 you are now sitting on a pretty steep loss if you had no stop losses in play.
If on the other hand your a trader then you would have shorted to make some serious money.
The real problem still lies ahead with the EU and the US. Problems have not gone away only gone silent. This is a train wreck in slow motion and will take time to play out.
But for trading this is a dream.
No doom and gloom here just reality.
US = $14trillion debt and counting.
EU is broken and the end of the Euro will follow.
Greeks are prepared to walk away from debt negotiations, Merkel has some serious opposition to further bailout plans, US is bankrupt and will contiue going bankrupt until they bite the bullet and liquidate the debt.
Lots more fun to come, but definetely not the end of the world as the sun will keep shining no matter what.
Just becareful you don't lose you life savings and are not overleveraged.
As for the ASX, I dont think anything is a screaming buy yet.
