Business Services Industry
Don't panic! All will be well, say experts.
Australasian Business Intelligence, October, 2005
Byline: Byron Kaye and John Rolfe
Oct 06, 2005 (The Mercury - ABIX via COMTEX) -- Financial experts have urged investors not to panic about the two-day, $A50bn fall in the Australian sharemarket in early October 2005.Among major stocks to be affected were Rio Tinto, BHP Billiton, Telstra and Macquarie Bank. AMP chief economist, Shane Oliver,
said the decline was only a correction. The All Ordinaries index closed at 4401.8 points on 6 October 2005, which would have been a record for the index only two months earlier.EL & C Baillieu Stockbroking director, Richard Morrow, noted that October is often a turbulent month for shares, because it is
right after the profit...
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