Wednesday, February 28, 2007

Market Stumble...

I apologise by the lack of posts recently but I have been extremely busy.

But I still thought I should jump on and mention the impending stumble that should happen to the ASX today after the China and US markets took a dive last night.

Will the dive be as much here in Australia ? Probably not as I expect today's drop to be around 3-4% and it will continue to slide till it is off around 10% in the next few months. Its hard for the market to drop too much due to the amount of superannuation money being put into it.

Anyway good luck and I hope you have been waiting for this as I have. There will definitely be some buying opportunities coming up for those who waited for the inevitable drop.

Good Luck.

1 comment:

Anonymous said...

Thanks for the Blog Paul. I love reading your insights into the market and company profiles.

I have learnt a lot reading the information you provide.

Keep up the good work.