I can only say.
DOW DOWN 800 pts last night which is about 1000 so far this month.
Fang stocks getting hit hard and the need to be with ridiculous PE ratios.
Funny how a few people in the last few days have said the markets will rise from here for a good run into xmas.
30 yr mortgage rates in the US are now 5% with 15 at around 4.5% and that seems to be the straw that breaks the Camels back.
What will the Fed do now?
Was it the Fed unloading that caused the latest drop?
What will be the reaction of the RBA? Will they short the AUD, will they raise rates, will they lower rates, will they continue to do nothing?
I must take highly paid economists a long time to decide to do nothing.
