|Data for week commencing 05 February, 2018|
Like most tough times in your life, an overdue correction always goes on longer than you want. It’s like a diet that works but takes more time than you want. But what I liked about Friday’s trading on the local stock market was that we dropped 0.89% on the S&P/ASX 200 index, while the Dow Jones was down over 4% at the time of writing this article.
And if it ends in negative territory overnight, it could be the worst week for stocks in nine years. The S&P 500 index is only down about 5% for the week, before the end of trading on the last day of the week. However, since 26 January, it’s down over 11% so it’s had its correction.