bad news, page-11

The recent fall in commodity prices is just a correction. Unlike the credit crunch and sub prime mess it will not continue. IMO a big link to to the correction is the Olympics in China obviously slowing down demand. The US is taking advantage and the US dollar soaring is due to a substantially weaker world economy ( asia & europe ) along with the falling price in oil.

For those who think that BHP sp will have a 2 infront of it by the end of this week or even sometime soon for that matter, you are totally dreaming! Earnings reports alone at the end of this month will see the sp soar as the financials have still got pain to come with the cough ups of the subprime still not over. I read "the switch to financials has definetely occurred" You must be joking?? I don't think so! If you like catching falling knives then go ahead.

Clearly the market is currently being driven by bears and by sentiment rather than fundamentals. Look no furher than the sp of BHP for proof. I beleive we may well see this stock pushing $50 ++ by the end of this year.