Monday 17 November 2008

G20

It appears that the G20 meeting accomplished nothing. The results were as expected earlier. And they were already watered down prior to the meeting so that no major moves were even expected.

The next meeting is in April. Until then, everyone seems to be waiting for the new President of the US to get into position and see whether the agreed policies will be implemented and how.

All this is showing in the market which, in the case of ASX 200 index, is dragging around 3640 at the moment, which is the the lowest point so far.

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