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thanks for replying zanzibar

Good traders could do quite well in this market. I wanted to be a longer term investor, but its rather dangerous still for that sort of approach.

I do not trust that China will be OK, but feel it could have major internal problems as they are negatively impacted by much lower exports and fall or slow down in production growth. Consequently our commodites trade will be stuffed (as will our sharemarket) given what is also happening in USA, Europe and Japan.

A 4000 DOW could mean the XAO retaces all the way to 2000.

So far Marc Faber and Mike Shedlock have provided the most accurate commentary about the direction of markets and economies based on what I have read.

loki