stocks hammered after market opens

Is this the contemporary version of ‘Let them eat cake’?

After the USA bailout for banks package failed to be passed the Australian Stock Market has taken a hammering.

At 10.17am (AEST), the S&P/ASX200 had lost 257.5 points to 4549.9. The broader All Ords had lost 260.4 points to 4578.8.

The value of the All Ords index had fallen about $63.5 billion.

more here

Our Prme Minister says ‘we are in a strong position’ to weather all this. Really?

US market traders faced their worst nightmare.

$1.2(USA) Trillion LOST. 1st time ever.


About Jane

Learning through living and writing the lessons
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