With the exception of 1987 and the April 2000 tech wreck, every time the Australian market has had one of those days represented on the front pages of newspapers as a “crash”, it has come sprinting back the following morning. And today’s 6% surge in the All Ords is a classic of the genre, writes Stephen Mayne.
All ords
Victims everywhere as panic selling sets in
There’s blood on the streets today as the Australian stockmarket extended its run to 12 straight losses and posted its biggest percentage drop for the year. The victims are everywhere, writes Stephen Mayne.
Australian sharemarket takes another hit
The Australian sharemarket fell for the eighth session in a row this morning in the wake of a 277 point plunge in the Dow overnight, reports Glenn Dyer.
Morning Market Report
Good start to the week, the market is up 102 this morning. The SFE Futures suggested a 97 point rise in the market this morning.
RAMS hammered, the market plunges
Troubled home lender, RAMS Home Loans Group has failed to finance more than $6 billion dollars in short term debt two days after it warned that the subprime mortgage mess and credit market strains would have a “material” impact on the company’s earnings.
A tale of two economies: us v them
While the federal Government reminds voters that they have never had it so good, why are Australians still feeling financial stress and less secure in their work?
Market savages Coles and Wesfarmers
All the chest-beating about the Coles board extracting a great price from Wesfarmers has been laid to waste by investors this morning when shares in both companies tumbled in a stronger market, writes Stephen Mayne.
