For those of you who don't know....the markets took a bit of a dive today due to a major sell off. Investors have been cashing in on the recent gains the market has been making. To me, this shows a lack of confidence in the recent rallies we have seen.
"The share market has closed at the day's lows, with about $35 billion wiped off the value of stocks in the biggest one-day fall since last May. The benchmark S&P/ASX200 index fell 118.6 points, or 2.3 per cent, to 4980.1, while the broader All Ords fell 115.8 points, or 2.3 per cent, to 4998.6."
REAL ESTATE
Units flying out the window!
UNITS in Melbourne are selling more quickly than houses.
An apartment in Knoxfield stays on the market for an average
of just 22 days, according to the latest figures from RP Data.
Blackburn South apartments sell in an average of 26 days.
The only markets for houses that made the list of the 10
fastest sellers for the year to last October were continue reading...
Lend Lease experienced great increase in profits...
Australia's Lend Lease Corp Ltd saw first-half profits jump
39 percent on commercial sales for its $6 billion Barangaroo Sydney waterfront
development -- a project that has underscored growing interest in Australian
property from continue reading...
SME
Sensis sending Aussie jobs overseas
JOB cuts at Telstra's troubled Sensis division are merely a
smokescreen for sending work offshore, a union says.
Telstra is axing 648 jobs from the business that runs Yellow
Pages, White Pages and Trading Post and employs 3500 people across Australia.
The jobs being axed include continue reading...
RANT...
Though I don't consider myself a 'gamer' in any way or fashion, Sony has gotten me quite agitated with their sales tactics... Soon the new PlayStation 4 will be launched. Guess what. You can't play PS3 games or any of the previous formats on the 4 either... Read more about the PS4
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