Please, let the markets tumble

Since reaching 5,608 on 9 September, the S&P/ASX All Ordinaries is down to 5,186, a decline of 8%. The carnage has been widespread: Despite its $1b buyback, Telstra’s share price has fallen by 7%, with the big banks also down between 7% (Westpac and ANZ) and 8% (Commonwealth Bank and NAB). Wesfarmers and Woolworths have both declined 8% while resource stocks have suffered greater falls, with BHP down 10% and Santos a whopping 15%. And these declines don't include further losses that may occur today. Yes folks, asset prices can go down as well as up. Always assuming the best...

Since reaching 5,608 on 9 September, the S&P/ASX All Ordinaries is down to 5,186, a decline of 8%. The carnage has been widespread: Despite its $1b buyback, Telstra’s share price has fallen by 7%, with the big banks also down between 7% (Westpac and ANZ) and 8% (Commonwealth Bank and NAB). Wesfarmers and Woolworths have both declined 8% while resource stocks have suffered greater falls, with BHP down 10% and Santos a whopping 15%.

And these declines don't include further losses that may occur today.

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