have a look around on the ASX, look at SYA,maiden production down 25% in a month , the Yanks put rates up there is a flow on effect throughout the world and its a tsunami for Forex etc heres some reminders PLS bottomed at 16c sometime after I sold at 96.5c probably should have kept it at least a bit longer, FMG hit a rough patch refinancing sold at 174c 5 months later it was almost $6 , theres a long list the main thing to focus on Wall Street are up to their old tricks its not just punters selling we will come out of this eventually the bet is the Fed will overshoot with rate rises and Australia has little choice but to continue if the Fed do, so here we are in another round of disarray because of policy and a lack of proper oversight in our financial institutions painfull as it is for everyone I doubt there is anyone not impacted by the drop in Sp in LPD , so I wioll sit it out still thinking of buying more still cautious as it could go lower yet
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