Buying Shares

[justinsigns]

With the current predicament in the share market, we decided to put some money into the finance sector while it was low - not a great deal, enough that doesnt matter if we lose it.

My question is, do you think the market will keep falling or has it bottomed out?

[The Y-man]

From a technical perspective, I feel that if the XAO 4500 support is broken, next stop is around 4000... and if that goes...... goodness knows. Overall trend is still down - so my gut feel - more to go.

From a broader market perspective, I personally believe it is the "D" word, let alone the "R" word.... so even if shares don't tank further, they will probably not show much growth for the next few years. Worst case, some of the financials may not be around any more.

Cheers,

The Y-man