Australian shares started the week sharply lower after global equity markets tumbled on Friday.At the same time, the Australian dollar was flat at 65.26 US cents.
The Dow narrowly missed confirming a bear market as a deepening downturn in business activity across the euro zone, and US business activity contracting for a third month in September, left Wall Street wallowing in a sea of red. On Wall Street, the Dow Jones Industrial Average fell 1.6 per cent, the first major US stock index to fall below its June trough on an intraday basis. But the blue-chip index averted confirming a bear market, as it missed closing 20 per cent or more lower than its record high, according to a widely used definition.
The elites appear to be crashing everything by design.
Are they going to catch old Johnny Red Pants O’Neil?