According to the news and opinions the bottom seem to have passed. The Friday was, most probably, the bottom of this bear market. The Australian index is back to 4400 range. It bounced back to the level it had on Thursday before the slide.
Nice to see it bouncing back. And there are more and more opinions on how that was it. The situation is to improve from here. Not drastically, but one never knows. The financial system has lived through life support. Overall, the things are looking better. I assume the market sentiment is improving and the roll will start in the following days/weeks as investors run to catch the initial comeback rally. We know its not about fundamentals but about what everyone else is doing.
I have to admit I'm missing the thrill and the adrenaline of the slide. This will be an event to remember. Well, not for a lifetime as I've seen worse. But for a long enough.
Nice to see it bouncing back. And there are more and more opinions on how that was it. The situation is to improve from here. Not drastically, but one never knows. The financial system has lived through life support. Overall, the things are looking better. I assume the market sentiment is improving and the roll will start in the following days/weeks as investors run to catch the initial comeback rally. We know its not about fundamentals but about what everyone else is doing.
I have to admit I'm missing the thrill and the adrenaline of the slide. This will be an event to remember. Well, not for a lifetime as I've seen worse. But for a long enough.
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