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All Ordinaries index plunges $116 billion

Michael McLaren

Michael turns to Roger Montgomery, Founder and Chief Investment Officer of Montgomery Investment Management, for his expertise following the Australian share market’s falling by more than 5 per cent within the first 20 minutes of trading with nearly $90 billion wiped from it by day’s end.

ASX 200 entered a technical correction after plunging on the back of Wall Street’s benchmark index entering a bear market… when the equity markets are down 20% or more from their most recent all-time high.

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Michael McLaren
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