we are all sheep, page-7

So in other words wealthcc we are going down further.. can you name a day in the last few months that the ASX has not followed the DOW down the next day? I think you will struggle to find one. I do believe that on occasions we may provide a lead for the DOW but it is more because we trade within the Asian market that the yanks take note imo.. In particular Japan & the Nikkei.

I agree with Meerkat regarding Aus being recognised as a commodities country. Just look at the AUD, as soon as commodities started getting hit our dollar went down with it. Not to mention that 100 basis point interest rate cut did some damage as well imo.

I really hope commodities and oil start to swing and that the "safe haven" USD tanks! Our market and then our economy will pick up much faster than expected if this comes to fruition.