Agreed but rationale goes missing on days like this. To cover steeper losses people sell on stocks in the green or on small losses. U hear this on the forums - someone selling out of a stock down 10 percent to buy one down 30.
The key is for these toads to get assays out.
It’s illogical the rationale based on the premise of the Dow correcting. The Dow correcting is understandable- like any stock it is overheated. Yet tell me how the asx is overheated. It’s barely covered the levels pre gfc.
Then go to individual stocks - explain how a sub 10 mill mc needs correcting when it has barely moved and at the low base. This is the logic at play. We know this is a correction based on a rotation and speculation. A technical correction not a fundamental one. Anyway I’ve seen the gold market. Nothing surprises me - remember post trump and brexit the catastrophes to the world apparently yet gold dropped.
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Agreed but rationale goes missing on days like this. To cover...
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