Club Mulgoa

Friday, August 08, 2014

ASX plunge

On a day like today when most stocks fall, it is nice to know my portfolios didn't fall as much.  In fact, it is very tempting to buy but I was at work and oblivious to the market.

Why are the big fund managers dumping?  It isn't just today that we know about Ukraine, MH17, Gaza dilemma, fanatical islamists reign of terror or the isolation of Russia.  China's falling economy isn't news today.  Australian deteriorating mining sector is not news either.

No meteorite has hit any US or any other major commercial centres.  Ebola is still in West Africa.

I have no answer why... so if stocks are still plunging on Monday, I would be tempted...

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