redbacka's - forget jackson hole - friday, page-19

Redbacka ,you're morphing into an irascible old bear in your mature years though I must say the very clear evidence you provide is compelling .It's been apparent for a little while that there's been a rush for the exits in the little ones that weren't going anywhere and volumes dropping away on the midcaps with some low volume falls on the bad days we've had recently .All in all there's not a lot to be enthused about and if the mining boom's not over it's certainly stalled . I don't mind the 12200 level on the dow for a pause and relaunch however that depends on what it is that gets us down there .Either way this country has some endemic issues that aren't going away overnight so I guess we'll just have to see how it goes .

The goldies are still looking good to me but the high cost /high debt/bad country to do business in/ ones that had a bit of a soft ride up recently are being punished