Although February was only a marginally negative month (down 0.4%) for the Australian Stock Market price index(AllOrds), it follows three other negative months for a total decline of 16.3% over the 4 months. This is the worst 4 month result since the October 1987 crash. The depths of the 1990 recession "we had to have" was close at -16.1% to November 1990. Over FinDem's 130 year history of the Australian stock market the latest 4 month result has a frequency of 1 in 50.
Posted Sunday, 2 March 2008
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