Stocks suffer biggest fall since 2003 !?
What do you think short term movement or more to come?
What do you think short term movement or more to come?
Harry Hayfield
Favorite Answer
Yes, I watched it happen on CNBC and have to admit I was a little scared and unfortunately it's still ongoing, the ASX in Sydney is currently down 67.3 points (1.40%) but look on the long term view. Taking the ASX as an example, the low point in recent times was back in January 2003 when it closed at 2,900 and now about three years laters it's trading at 4,737 (a gain of 63%) so all in all I think this is probably just a kneejerk reaction to the news from Wall Street on Friday. I would wait a week or so before making a decision
kc
Its a short term movement, that is part of a long term downward trend. Stocks will go up and down a lot in the coming years, and I wouldn't try to guess which way they will go next week, but I'm willing to bet that the long term trend over the next 5 years is downward.
InvestingMadeEasy
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