Could the stock market be linked to Global Warning. The coldest this the hottest that, wettest and driest etc. And now we have an extreme volatile market with daily 500 point swings.
Today our market has been resilient against poor DJI US overnight trading. The AU dollar which dipped below parity over the weekend is now hovering around 102 – 103 US cents. Australian Bureau of Statistics have also released figures today showing unemployment increased to 5.1 per cent during July. That represents an additional 18,000 persons.