Aitken's warning of the day Sitting here now the Nikkei is down another -5.67%, Hang Seng down -3% and Shanghai -3.5%. Asia is actually crashing and obviously Australian equities that face Asia are having a bad day. While DOW Futures are only down -60pts and S&P500 futures down -6.8pts, I just feel we will wake up tomorrow morning and Wall St has suffered a solid hit. My thinking is that hedge fund losses in Asia are now so big that they will be forced to sell US equities.
I have 13 years experience in equity markets and financial media. In 2013 I Co Founded, Livewire Markets with Tom McKay. Our vision is to be the #1 source of investment ideas in Australia. Opinions expressed are my own.