very interesting that australia's largest and generally most conservative bank Commonwealth, has just slashed its 1/2/3 year fixed rate home loans, this is definately a big statement in terms of their thoughts of near term RBA rate movements.
no surprise in the malaise that we are seeing in our broader market today, everything is pointing to limited upside until the Greek elections in mid june.
would love to see one further fear driven selloff into mid june which would provide an excellent buying opportunity.
