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FTSE / DOW YTD

Perhaps I can phrase it another way. I made alot of money over the last 18 months on ALD and SHAW because I was comfortable I understood why the share price was bashed up and that the rationale behind it was wrong.

I'm trying to do the same thing here.

What on earth caused this latest sell off?

I don't know Skinny but it was all fine until the Dow opened and then we can all see the downtrend line running all afternoon. Nearly 100 pts top to bottom.


I'm rabbit in the headlights now. Waiting to deploy my cash on either LLOY or STAN,
but a number of others are now appearing on my radar.

It is my view for what it is worth that the Dow fall from 26500 may have further to run. I consider the speed at which it made the move from 25500 to 26500 to be ridiculous and put in a "false top" in terms of retracement percentages.

We all are waiting on the GDP figures now I guess.