Slide will take market to realistic base, without much damage
Tue Mar 6 2007
The Age --- Page: B10 : 6 March 2007 Original article by Malcolm Maiden
ABIX Summary
The fall in the Australian sharemarket in early March 2007 will not be damaging. The market has fallen by 6.5 per cent in the week to 5 March. The fall is due to complex forces and is likely to continue for several days until a new base is reached. It appears to be merely a move to more realistic pricing of risks. The catalyst for the market downturn was a fall in the Chinese sharemarket. However, the greatest concern for investors is the US economy, which could be in recession by the end of 2007.
