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Down down again

Discussion in 'Shares' started by Smartypants, 20th Oct, 2007.

  1. Smartypants

    Smartypants Well-Known Member

    Joined:
    2nd Jun, 2006
    Posts:
    226
    Location:
    NSW
    Well, the dow closed this morning 366 points down.

    Wonder if this will pass on to our market on Monday.

    Thank god for those funds that buy when the market goes down AND happen to be (apparently) carrying a fair bit of cash ;);).

    Some say that October is generally a bit of a turbulent time for the markets.
     
  2. perky

    perky Well-Known Member

    Joined:
    15th Aug, 2005
    Posts:
    300
    Location:
    Sydney
    Personally,
    I am glad that the Aussie 200 will be 152 points down (or nearabouts) when the market opens on Monday.
    It needed a bit of a breather (and I shorted it on Monday hoping for the dip) .
    I hope that Wednesday is the bottom, time will tell (as Wednesday morning my Margin lender who is 2 or 3 days behind will still have fridays unit prices):)