Yesterday the New Zealand sharemarket staged another decent rally and closed more than 1% higher as investors returned to hunt out bargains. Remember, buy when the market is down :)
Asia took a hammering last week but Japanese stocks continued to recover on Tuesday.
The Australian stock market finished higher yesterday with signs that some stability might be returning after the market was rocked by concerns over US sub-prime mortgages.
See my post dated 16 August for the sorts of reasons that this happens.
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