|
November 2007 share update |
|
Monday, 03 December 2007 |
|
The months seem to come around way to quickly at this time of the year. The gains I made towards the end of last month have been eroded somewhat towards the end of this month. To be honest the whole stock market thing is confusing me at the moment. It seems as though all the Australian market does is follow the American market and they can't seem to work out if this whole sub prime mortgage thing is really that bad or not. The American market had a day off for Thanks Giving, and the Australian market did nothing the next day because they didn't have anyone to follow. I still don't understand why someones dodgey lending practices in another country affects the share price of a mining company in Australia. I've moved almost half of my portfolio into cash this month as it's all a bit too hard to follow at the moment and there is talk about another fairly large drop.
|
