That's not a crash...

No doubt you remember that famous scene from Crocodile Dundee where a thug tries to scare Mick Dundee into handing over his wallet by threatening him with a knife. Mick casually responds by pulling out a mini-sword of his own and warns his assailant, ‘that’s not a knife. THAT’s a knife’. I was reminded of that scene yesterday when the ASX 200 fell 2%. Many stocks fell by more than that, particularly those affected by the plunging oil price. Woodside (ASX: WPL) fell 4%, Origin (ASX: ORG) 5% and Santos (ASX: STO) fell 10%. While no one likes losing money,...

No doubt you remember that famous scene from Crocodile Dundee where a thug tries to scare Mick Dundee into handing over his wallet by threatening him with a knife. Mick casually responds by pulling out a mini-sword of his own and warns his assailant, ‘that’s not a knife. THAT’s a knife’.

I was reminded of that scene yesterday when the ASX 200 fell 2%. Many stocks fell by more than that, particularly those affected by the plunging oil price. Woodside (ASX: WPL) fell 4%, Origin (ASX: ORG) 5% and Santos (ASX: STO) fell 10%.

{{content.question}}

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa
Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles