this could be huge , page-30

Talk about throwing the baby out with the bathwater. Amazing how the markets been only seeing the good side of economic information and corporate results for so long and now sees only the bad points about those same results. For example, isnt Chinese monetary tightening a sign that the Chinese economy is powering ahead and the housing market imbalances that everyone is saying is a key threat to the Chinese economy is being targetted by the Chinese authorities? ASX small ords index smacked 3% yesterday, seems every small cap was sold down yesterday without regard to individual fundamentals. Even if the ASX is at 4200 a low cost onshore natural gas producer in a carbon constrained economy is going to be eventually re-rated by the market, even if it means i miss short term trading opportunities then so be it we all have our day jobs and cant predict when the next announcement is.