Aus market has already broken down against overseas markets. The divergence is a pull out by os investors. The Aus market liked the good flash pmi but the overseas markets don't believe it - confirmation will come (or not) 30Sep with final pmi from hsbc. If the world gets through Sep - Oct there should be a catch up for us. Reasons for falls are fairly weak imo but if investor confidence goes and there is a trigger for a crash the acceleration down due to the high leverage will kick in. Then one will be either stuffed, or rubbing their hands together looking at all the bargains on offer.
