AS investors watch the world markets with great interest, a double bottom scenario is looking more and more likely. Historically these are excellent buying opportunities in the share market, specifically for blue chip stocks.
US economic conditions should be booming. In August, tax rebate cheques worth $US17.495 billion were sent out to taxpayers in addition to $US6.779 billion in rebates distributed the previous month. And interest rates are at historically low levels.
WITH the rhetoric of a patriotic rise in share prices on the US markets after the terrorist attacks, and the longest closure of the Dow Jones since World War 1, the markets resumed to sustained orderly selling.
