This is the forum of the sharemarket pros - well all of us who are in this asset class - be it direct investors or through super will be smashed today. If you are out of the market - good luck to you - if not another ouch day with more to come it seems.
Those with real estate - more rate drops to come - did say in Sept that Stevens had a window of opportunity to cut properly - he dropped .25% - also stated that it was not enough. Then I felt he would have to keep dropping because of this weak decision until traction. As usual RBA got it wrong. I now fear even if we drop to 2% it will take a while to recover confidence - the victims are not you or I whether we lose a fortune here and there - but the masses who will struggle to eke out an existence.At least Rudd is trying to help and the Average Oz appreciates that - time to batten down the hatches and develop fortress Australia.
