ASX 200 down 46 points - Banks down, Energy down, Resources down. Gold up a big 2.4% bucking the trend. Defensive sectors also doing OK - Utilities, Telecoms, Staples, REITs. We're down 100 points in two days. Short term the market is seeing the froth blow off.
Anyone who has been in broking will tell you that the Morning Meeting is how all brokers start the day. The format is to have a quick look at the overnight markets, consider what's coming up in the day ahead, hear from the analysts, share ideas and get set up for the day's stock market activity.
