Wow, what a ride! The Australian stock market has been hit with panic selling the like I have not seen for decades, dropping 408.9 points to 5222. In Australia it is compulsory for employees to put 9% of their pay into superannuation which gets funneled into the stock market. (Like 401k's) It is also reported that one of our countries top brokerage sites has "gone down" several times during the day due to heavy traffic. This comes on the day that George Soros has been reported as saying that we are facing the worst financial crisis since WWII. Got Precious Metals? (GOLD, SILVER & COPPER)
Australian Stock Market Plunges over 7.2% Today!
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Posted - 01/21/2008 : 23:25:47
