Shane Oliver discusses the recent fall in share market prices and why this has occurred.
The key points are as follows:
· Uncertainties regarding China, commodity prices, emerging countries and the Fed could see the correction in shares go further in the short term. A disappointing start to the Australian profit reporting season is also not helping Australian shares.
· However, this looks more like a correction than a new bear market as we have not seen the sort of over valuation, investor euphoria and monetary tightening that normally precede major share market tops.
To view the full article on our website click here: Share correction – OI #29 2015