Markets down, optimism up

It’s a ‘bloodbath’ out there this morning, which means it's time to sift through our Buy List and prepare for action.

In broker parlance the market is in ‘risk off’ mode right now, the deadened phrase belying the panicked calls brokers are fielding. Since hitting a recent high of 5,983 on 27 April the S&P/ASX 200 has fallen 12.8% to 5,215 as of last Friday and a further 2.9% this morning. We’re now in official ‘correction’ territory according to the media’s lazy lexicon.



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