This article from Michael Pascoe serves up a soothing dose of perspective given the recent vloatility in the US
This article from Michael Pascoe serves up a soothing dose of perspective given the recent vloatility in the US. So Nasdaq is off a few per cent, but to put some perspective on it, last night's fall is only the worst since November 2011. I don't remember capitalism coming to an end in December 2011 or any month since then. It is also obvious that the US tech stocks are bubbling again - companies that make no profit being traded at silly premiums on the bet that one day they will. And what does that mean to the vast majority of Australian investors (not day traders) with their savings in real companies making real profits paying real dividends and operating in an economy with sound fiscal and monetary policy and very reasonable prospects of growing at about its long-term trend rate? Not much. (VIEW LINK)
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