Hung Parliament and the ASX

Posted on 23. Aug, 2010 by Global in Uncategorized

Hey

It’s Anthony here and what a weekend we have had.  No doubt you are aware after the election that we have a hung parliament (here in Australia that is) – this has not occurred since WWII !!!!
 
So what does this mean for you the investor?
 
Well most analysts believe that this was the worst possible outcome for market stability. Not only will this add pressure to the share market but the Australian dollar traded lower on the result which pushed as low as US 88.5c this morning mmmmmm
 
What are your thoughts?

Chat soon
 
Thanks
 
Anthony

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