The "Global Growth Correction" has started

Marcus Padley

Marcus Today

The Dow fell 530 points on Fri. We are in the hands of a herd. The "GGC" has started. Apple fell 6%, Microsoft 5.5%. The Dow Jones is down 888 points or 5.16% in two days. The S&P 500 (a much more representative index) is down 5.3%. They both closed on their lows by the way (not a great sign). Lets try and keep this short. What we don't know: The Future...and any adviser telling you with any certainty that they know what is going to happen next is deluded. We are in the hands of a herd and volatility is high. What we do know: There has been a sharp correction on Wall St in the last two days – although many will be denying it and telling you there will be a short covering rally the truth is that a sharp drop often punctuates the start of a new downtrend. To see more click here - (VIEW LINK)


Marcus Padley
Director
Marcus Today

Marcus Padley founded Marcus Today in 1998 and leads the team of analysts and market commentators that publishes a daily stock market newsletter, presents four podcasts and runs an $80m Australian equity fund. He is passionate about educating and...

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