Tuesday, January 22, 2008

Strewth!

Another wipe-out: traders erase $43b from stocks

ALMOST $43 billion was wiped from the Australian sharemarket yesterday after panic selling caused the 11th consecutive day of losses, leaving the bourse teetering on the brink of a bear market. The longest sell-off in 26 years - and the strong prospect of more days of red ink to come - takes the market's losses since the start of this year to almost $200 billion, as fears of a recession in the US continue to cause havoc on global sharemarkets.

Posted by lvmreader @ 02:58 AM (1725 views)
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