300
18th January 2008, 07:48 AM
The Cow Jones went to the slaughter house overnight and dropped over 300 points (307 to be closer to the truth). All as a result of company downgrades throughout the current quarterly reporting run. No good news today. A drop this size will effect the ASX.
The ASX has suffered 10 straight days down. The trend lines suggest that it has broken through the lower support which means that it might just free fall until some significant news is reported.
Along with the markets, the RA Portfolio has taken a hit also. After 4 laptops in 4 days, it has been difficult to keep the updates - hopefully this settles down soon so I can get back to regular updates. On saying that, I hope there is good market news soon. For those learning, this is called a Bear Market.
Just my 2 cents
The ASX has suffered 10 straight days down. The trend lines suggest that it has broken through the lower support which means that it might just free fall until some significant news is reported.
Along with the markets, the RA Portfolio has taken a hit also. After 4 laptops in 4 days, it has been difficult to keep the updates - hopefully this settles down soon so I can get back to regular updates. On saying that, I hope there is good market news soon. For those learning, this is called a Bear Market.
Just my 2 cents