This was this morning:

S&P/ASX 200, All Ordinaries jump, miners, banks rally

Allison Jackson | November 14, 2008

Article from: The Australian

MINERS and banks led a surge on the sharemarket this morning as investors swooped on sectors that had been smashed in the past three days.

And this was yesterday afternoon:

All Ords plunge as recession fears grip

Allison Jackson | November 13, 2008

Article from: The Australian

LOCAL stocks plunged to the lowest level in more than four years today as $60 billion was wiped off the value of the sharemarket.

The time must surely be approaching when we can find a better way to get a handle on the state of the economy than continual and breathless reporting of the hysterical fluctuations of the stock market. We realise that there is an industry out there populated by fat-tied wide boys entirely dependent on this obsession — yes SkyBusiness channel we do mean you — but maybe they can be the first victims of the next 24-hour downturn.  

Peter Fray

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