This thread is about the end of the bull cycle and forewarning of the coming of the Big Kahuna.
I don't need people to "hijack" my thread with bullish counter-arguments (whether based on their actual belief or because they have a big position and are concern this thread will scare the pants out of investors!).
The All Ords and ASX S&P200 dropped 0.6% today despite a better Dow last Friday. And there's more than meet the eye... Last week, I posted the following below indicating that the fall in building materials sector stocks is a precursor to a recession, typically 12-24 months lag (the fall precedes the recession). Today, JHX (James Hardie), Boral (BLD) and CSR continue to hit a fresh 52 month low before a slight rebound. And WBC (Westpac) and ANZ continue to head towards their 52 month low as well.
