Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

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Monday, 24 August 2015

Stocks getting cheaper

Some very tasty market action today.

China stocks smashed by -8 per cent at the time of writing, the bear market returning with a vengeance despite a thousand interventionary measure.


FTSE futures have dived below 6000. 

Meanwhile back home the ASX 200 had dropped by as much as -3.91 per cent in the last half hour or so, to be more than 16 per cent lower since the first week of March. 

Some big movers, in particular look at the share prices of some of the resources companies. 

Wow.


Crude now also below $40. Dalian iron ore futures limit down.

Not been a good time to be holding resources stocks, hey.