Ok, here's the thing IMO, if it continues to go down over the coming week, were in for one almighty painful eight months. If it pans out like the graph, then we can expect to see the DOW fall to 60.00, which would be where it was in 1996. I wonder what effect this will have on Australia, no matter which way you look at, stocks like NAB will fall to $12, CBA been strong, but could goto $18. The bigger question I suppose, what will happen to the AFG's, and BNB's I wonder.
more doom and gloom
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$5.88 |
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