call me ol fashioned ..call me crazy !! but i think all you investor types are completly nuts !!!!!!!!!jibbering on about the xjo back to 6000 ..
every thing is related to the return you get from land ..
thats about 3-4 % since the beginning of time ..anyone that expects more is a fool to himself and a burden to others .
how investing peoples savings in specultative markets makes sense is beyond me ..the ALP has alot to answer for ..
super schemes that put svaings into spec markets is crazy.
trade sure if you good enough otherwise.. expecting your returns to be greater than that from land is fantasy.
our market is over valued by at least 2000 points...fueled by greed and debt ..
Alan greenspan once said " deficit spending is simply a scheme for the coniscation of wealth"
6800 odd we got too ..take of 20% right away when the ALP got elected.
then there's the leverage .and debt ..subtract another 40 %
that gives you 2700 ...then take into account parked money just for the sake of it ..minus another 30% that gives you a real value for our little market at about 1900 ..and thats all it's worth ..
good luck .
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