Well, Australia knows the US problems havent suddenly disappeared.....we KNOW more bad news WILL come out of the US.
We know that $300 odd billion was wiped off our markets -that means people like us lost that much just recently.
We worry how much sub-prime crap our banks are exposed to that hasnt been divulged..........
So.....not hard to see why people arent leaping back in with all they have just yet.
Hope I'm wrong, but I cant see a major recovery for the US or us this year.
GZ
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