Nerves are again being stretched, with the DOW down over 2% & much of Europe down around 3%.

http://www.investing.com/indices/major-indices

Well, UPS & DOWNS, all over the place AND THAT'S JUST ONE DAY!

Much of Europe finished down around 2.5-3.0%.
http://www.investing.com/indices/major-indices

But, OZ finished slightly UP, for the day, with the All Ords finishing up 12  points.
However, there were "fluctuations" during the day, with the All Ords initially rising by some 20 points, then falling by some 50 points, then rising by around 70 points, then falling by around 50 points, all in the first 3.5 hours of trading, before grinding out a small final rise for the day.
All based on what, WHO KNOWS?
https://au.finance.yahoo.com/echarts?s=%5EAORD#symbol=%5EAORD;range=1d

Meanwhile, the DOW simply went on a downer, to be some 350 points lower for the day, with only about 1 hour & 20 minutes to go, then it rose by around 150 points with only 10 minutes to go before the closing bell, when it then declined again by around 85 points, to finish the day down 272 points.
All based on what, WHO KNOWS?
https://au.finance.yahoo.com/echarts?s=%5EDJI#symbol=%5EDJI;range=1d 

Where to next week, WHO KNOWS?
But, I would suggest the UPS & Downs are likely to continue, with a downward trend bias, until the final straw breaks the camels back!

Global stocks fall after Fed holds rates steady

Stocks on major markets slipped on Friday and bond prices rose, pushing yields sharply lower, after the US Federal Reserve on Thursday clung to its near-zero interest rate policy with global economic growth slowing.

The Dow Jones industrial average ended down 1.74 per cent at 16,384.79

The FTSEuroFirst index of the top 300 European shares closed 1.9 per cent lower at 1,397.57 points, its biggest fall in two weeks.
Japan's Nikkei average fell 2.0 per cent.

European government bond yields tumbled, tracking the 2-year US Treasury yield's biggest fall since 2010.

Rate rise?

A growing number of economists are now wondering whether the Fed will raise interest rates at all this year.

US crude oil utures settled down 4.7 per cent at $US44.68 per barrel. Brent crude fell 3.3 per cent to $US47.47 a barrel.

http://www.smh.com.au/business/markets/global-stocks-fall-after-fed-holds-rates-...
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As I have said previously, the basics would suggest it is unlikely that the FedRes will move rates up, any time soon!

And, by doing nothing, they have actually done something!

Or, in other words -
For all actions or inaction's, there are Consequences!

Well, the Rollercoaster continues!

Much of Europe was Down 3-4% overnight!
The USA finished down, just over 1% (180 points), after being down by some 280 points, in earlier trading.
DOW Futures are currently down, around 20 points again!

Meanwhile, the All Ords is down again, around 60 points (1.15%), in early trading this morning!

Cheers!

PS - In my opinion, as previously stated, THE LONGER TERM will still see both UPS & DOWNS, BUT THE OVERRIDING TREND IS SET ON DOWN, WITH SEVERAL SEVERE DOWN LEGS SET TO BE PROMINENT!

Federal Treasurer Scott Morrison believes he can increase revenue by growing the economy instead of the overall tax take, putting the government and the Labor opposition at odds over the best way to pay down the budget deficit.


On Wednesday Mr Morrison stirred controversy by claiming Australia had a spending problem, not a revenue problem.

He told The Australian Financial Review on Thursday he could balance the budget through a combination of spending cuts and reforms to stimulate economic growth which would produce more revenue.


"We need to restructure the tax mix to ensure it grows the economy," he said.

"That's what will drive the revenue rather than lifting the overall [tax] burden."

http://www.afr.com/news/politics/scott-morrison-wants-to-restructure-the-tax-mix...
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These are "Normal Economic Fixes" AND at almost any similar point in the "Economic Cycle" over the Modern Economic era, these measures would prove successful!

However, these are far from "Normal Times" and

NOW, THESE MEASURES WILL NOT HAVE SUCCESSFUL OUTCOMES, AS THE ECONOMIC BASIC HAVE NOW CHANGED, GLOBALLY!

I think it's a problem when people don't see economic growth as a transition period. It's a transition where people can grow a lot of wealth, however, the end goal cannot be a continuation of economic growth forever more. There must be a realistic end goal.

They claw and scratch in a vain attempt to keep this unrealistic model of society going, but it doesn't take much more than a grade two education to realize that a larger population and a more saturated market makes it very difficult to get investment returns.

It's no surprise that the property market is now king when everybody is clambering for a seat when the musical chairs stop.

Maybe it's not such a bad thing, because I think that the real winners will be those who opt for self sufficiency and the usage of available technologies that make this possible.

U.S. stocks stage dramatic reversal in wake of dreary Sept. jobs report

Investing.com -- U.S. stocks staged a dramatic comeback on Friday afternoon rallying from severe losses earlier in the session, following a disappointing U.S. jobs report for the month of September.

On Friday morning, the U.S. Department of Labor's Bureau of Labor Statistics said non-farm payrolls for the month of September increased by 142,000, significantly below consensus estimates from analysts of a 203,000 gain. The figure also fell well below low end of estimates of a 180,000 increase. The unemployment rate and average hourly wages remained unchanged from their August level, while the labor participation rate fell by 0.2% to 62.4%, providing indications of a shrinking labor market.

Stocks initially fell sharply after the release before moving steadily upward, as a host of multinational conglomerates capitalized on a weaker dollar.

After falling by more than 250 points at one point in Friday's session, the Dow Jones Industrial Average rebounded to close at 16,472.37, up 200.36 or 1.23% on the session.
It marked the biggest reversal on the Dow in more than four years.

http://www.investing.com/news/stock-market-news/u.s.-stocks-stage-dramatic-rever...
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So, poor results, BUT the DOW reverses a 250 point loss & actually makes a 200 point gain on the day!

Anyone smell some "outside interference", coming from the FedRes or the PPT? 

I don't know about this conspiracy theory. I mean, do you really think that stocks across practically the entire board are going to be purchased?
I suppose it's possible, but highly unlikely.