Finance & Fury Podcast

Welcome to SWW …on a Monday … because we have been receiving a LOT of questions about what’s happening with this so-called “market crash”, why has the share market dropped so much, should we sell to cash to avoid massive losses?   Here’s the back story The Australian share market has wiped out all its gains from the last 12 months Some say we have entered a technical "correction", plus Following a massive sell-off on Wall Street overnight It has fallen by more than 10% since its peak in late-August until October There were days last week when it was dropping 2+% in a day   Why are markets tumbling? What America does, we follow, and so does the rest of the world The local market's substantial decline comes after the Dow Jones index fell more than 600 points – this wiped out all its gains since January - 10 months’ worth New York's benchmark S&P 500 index - down 3%, Nasdaq (tech heavy) - down 4.5% Australia is still faring better than some others when it comes to one-day losses; Tokyo's Nikkei (-3.4%), S