Why is the ASX 200 down by 2.15% today?

[Smurf1976]

Quite a few stocks have fallen pretty hard today. 80% of the stocks that I'm watching were down today and in most cases the drop was significant. 50% of the stocks I'm watching are down 3% or more today and over a quarter are down 4% or more. The market might have gone up, but an awful lot of individual stocks sure didn't.

Note that I don't actually hold all of these stocks, they're just ones that I'm keeping a watch on.

Those falls, the Fed comments, charts and a general look at economic fundamentals - all seems a bit doom and gloom to me.

 

[Julia]

Those falls, the Fed comments, charts and a general look at economic fundamentals - all seems a bit doom and gloom to me.

Or perhaps finally a recognition of the fundamental problems that still apply.

 

[Muschu]

I find it interesting that, even yesterday, some companies of good "size"' actually progressed in SP.

It comes back, again I suspect, to our own individual risk profiles. I have no training in economics or finances but do any of us really understand the global economy and its impact on our market?

Personally, with some professional guidance, this financial year has been excellent for investing.

Which is not to say that watchfulness goes out the window....

Anyway it's almost the weekend and I hope you all enjoy it.

 

[Smurf1976]

Or perhaps finally a recognition of the fundamental problems that still apply.

Um, yes, I meant "doom and gloom" as in "there really are a lot of bad things happening".

Should have been a bit clearer there. To me, it all points toward the market being more likely to fall than to rise for the time being. Looking at the charts, it's a very logical place for a substantial fall to begin.

 

[theinvestorguru]

Hi All, hope you are enjoying or enjoyed good weekend,

I m newbie and only playing the asx game and felt the pain, which rushed me to sell really good stock and buy bad ones(it is game so I learnt really well to control my emotions)
I wonder is there index or certain website or journal to read that help prepare me for the coming fall in the market?

Thanks guys