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Australian ASX200 listed companies share codes
Australian ASX200 listed companies share codes
The year 2008 has the highly dubious distinction of shaping up as the worst calendar year recorded for Australian shares, with records going back to 1876.
The business world is in shock at the arrest last week of Bernard Madoff, the 70-year old former chairman of the Nasdaq Stock Market. Madoff is alledged to have presided over the biggest fraud in Wall Street history. Unfortunately these type incidents have been far from rare.
To the average investor in the current chaotic financial climate, derivative financial products offering death-defying degrees of leverage are about as popular as a Wall Street broker in a homeless shelter.
Even with world markets going into freefall the mantra being bandied around is to stick with your long-term investment strategy.
You’ve read the headlines and heard the news but what’s really going on and why are we in a market meltdown?
The results season raised more questions than it answered. Are we in a recession or not? Is there worse to come or will the tide turn?
Company reporting season is over and it seems there is life in the economy yet, albeit less than during the heady heights of 2007.
After a 15-percent slide in the 2007-08 financial year, the market is expected to recover and post a gain in the new financial year. The recovery could see the market rise up to 16 percent, although the consensus seems to be more around the 5-percent mark.