Todays "rally" proved that the Australian market is very,very sick.In my opinion this could be due to the governments guarantee on bank deposits forcing a liquidation of stocks by funds due to current or likley future redemptions.Some unbelievable value out there at the moment and some stocks will return huge profits in the future if you can position yourself into the right ones.Trouble is that when you buy you will probably end up in the red pretty quickly.Be wary of analists and opinions as they are all formed in the current environment and do not see to far into the future.I still remember back in 2003 when I was buying CSL from $20 down to $11-they had fallen from $45.Every smart#### analyist and newspaper were downramping the company and telling you to sell.Brambles at $4.00.BBG at $3.50.You would still be showing massive gains even today by buying then.Don't follow the circus,use your own judgement and intuition and the hold tight-the fools will be the ones who paniced.
