Market down again and could keep falling
The share market fell 3 per cent yesterday and some analysts are tipping that it could lose a further 10 per cent. The S&P/ASX 200 closed at 5580.4 after losing 166.9 points and the All Ordinaries was down 168.5 points to 5630.9. The head of dealing at IG Markets has said that the market could be as low as 5000 by the end of March as the equities market catches up with the bond markets which have been predicting a recession in the US for the last three years. "There is the chance we will have some big up days, but it's going to be overall bearish," he said.
By The Australian