So, was an early call, with little basis.
Gold stocks are being sold off so I guess all is well. Market correction averted.
Back to the volatility of mini corrections. With population growth, there is always going to be new highs being set.
Without a major catalyst or 3, I guess the mini corrections are normal. 2 steps forward, 1 back ad infinatum.
Most liked posts in thread: Market correction? Investors flocking to gold.
Probably just a response to Trump's no deal with China, although it could last a long time if Trump says there may be no deal until after the next Pres. election.
Could it be he's doing a bit of market manipulation ?frugal.rock likes this.
An interesting start to December (usually the month that has a good finish due to Santa rally). So I hope it's a bit of market manipulation as SirR said.
But will be watching this month quite closely as I have some exposure to the market with stocks in my spec portfolio. I have in fact held off some spec purchases that I had researched on due to the current market price action.
Was in the former Peking for a month mid September to mid October.
I noticed that the first 3 days of their national week long public holiday in early November saw our markets decline savagely, whilst their markets were closed. They had massive 70th Republic anniversary celebrations, which I heard were not covered much by media here in Aus.
It is a war of economies after all!