Manic Monday


More than $35bn was wiped off the Australian stock market in the first hour of trading on Monday as investors brace for an increasingly likely Greek exit from the euro zone.

Both the S&P/ASX 200 and All Ordinaries quickly fell about 2%.

“Unfortunately this could probably be our worst day in two or three years – you’d probably be going back to 2011 or 2012,” an IG market strategist, Evan Lucas, said.

“It’s a very tough time and unfortunately nothing will be spared, except perhaps gold.”

The slide was spread across the market with banks, miners, retailers, healthcare providers and telcos all down sharply.

Gold stocks nudged ahead as investors sought out safe-haven investments.



About Den

Always in search of interesting things to post. Armed with knowledge and dangerous with the ladies.
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16 Responses to Manic Monday

  1. David B. Benson says:

    Quick! Buy now!


  2. Den says:

    Sell! Sell! Sell!


  3. Den says:

    Big blaze up in Wenatchee today, many homes and businesses destroyed.


  4. David B. Benson says:

    Cooler today although not cool. Heat rash doesn’t itch and looks a bit better.


  5. Den says:

    You will need a computer. Right click, copy on the address bar, then paste in a file you can find easily, be sure to name it; Beer.txt. Once it is in a file you can recall the file by right click, copy, then come here and right click paste in the comment box here.

    At least that’s how it works in windows, further Googling required for other OS’s or Android software.


  6. Den says:

    The beer is good for you!
    the beer is good for you!
    Keeps you from getting too blue,
    the beer is good for you!


  7. David B. Benson says:

    Just 37 minutes up to Terre View Blvd and back. This after the sun was down so with a clear sky and a small breeze it was fairly cool.

    This was right after Ben & Brandon helped repair the rubber boot on one of the sticks; Loctight super glue, electrical tape and strapping tape. Works fine, so far.


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