Friday, Jul 27, 2007
I get the feeling this is part of something bigger. It doesn't mean that we'll be down again on Monday necessarily but I think we're seeing a liquidity squeeze.
smh: The wipeout cost investors about $41 billion and the effects will be felt immediately, as Australia has the highest percentage of private share ownership in the world
STOCK watchers fear the Australian market could be on the brink of sustained correction after concerns about the health of the US economy sent shares into one of their biggest one-day dives since the September 11 terror attacks.
Posted by chris :-)) @ 06:13 PM (150 views) Add Comment
1 Comment
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. dobber said...
A credit crunch is on us, the banks will lead the way down, tin hat time for the western economies very soon.