The market sunk further today. I was hoping it was on the rebound, after reading some opinions in the morning, before it opened. But no, it sinks deeper. As usual, there are negative predictions all over. The "doom and gloom" news are back. Whatever the public wants to read. :)
Well, as usual, one thing is true - markets can go up and markets can go down. Too bad that our life savings are a part of that. Keeping the money in a bank seems like a good idea right now but, unfortunately, its too late for many.
The good news is that the inflationary pressure is still up in Australia. The economic growth is still expected to be good. The rate rise news are appearing again. ANZ predicts that the rates should rise both in August and November this year. Well, that would make keeping the money in the bank even more attractive. :P
Hoping to see some upward movement, at least for psychological sake. It is probably a good time to buy unless some of the worst predictions come true and the whole capitalist system collapses. :)
Well, as usual, one thing is true - markets can go up and markets can go down. Too bad that our life savings are a part of that. Keeping the money in a bank seems like a good idea right now but, unfortunately, its too late for many.
The good news is that the inflationary pressure is still up in Australia. The economic growth is still expected to be good. The rate rise news are appearing again. ANZ predicts that the rates should rise both in August and November this year. Well, that would make keeping the money in the bank even more attractive. :P
Hoping to see some upward movement, at least for psychological sake. It is probably a good time to buy unless some of the worst predictions come true and the whole capitalist system collapses. :)
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