Stock Market News: It wouldn't happen on Vulcan
In December last year, I wrote an article entitled “Nothing Terribly Wrong” talking about the market fears being overdone. At the time the ASX 200 was down 12% from the top. In hindsight, a marvellous thing, I wrote it ten days before the market bottomed. The markets have bounced. Let us revisit last year’s fears and see how they have developed.
- Concerns about slowing US growth. This is a real issue although it appears to have been over-emphasised. The market, when it lost its head, turned some ‘less optimistic growth forecasts’ into fears for a US recession. Those fears are overdone. The US economy may not grow as fast as had been expected at the peak, but it is a shading in growth expectations rather than a collapse. Employment...Continue Reading