Indices: Australian ASX 200

The ASX200 endured another bad day at the office on Wednesday with the index closing down a further -1.3% after flouting with positive territory at lunchtime. Yesterday’s fall was on a distinct lack of buying as opposed to aggressive selling – investors remaining very nervous, a pretty understandable mindset considering the press, both financial and mainstream e.g. yesterday saw Jarden’s suggest local house prices are set…

The ASX200 was hammered another -3.6% yesterday with well over 90% of the main board closing in the red, we may have bounced from support below 6600 but the market clearly remains very nervous. Recent weeks have certainly reinforced the old saying “sell in May & go away”, probably more effectively than all but the most pessimistic bears were expecting. During periods of uncertainty and volatility…