reversal, page-33

In my opinion there is a serious market correction on the cards in the US and Europe, with knock on effects for Aust. The thing to then worry about is liquidity and cost of funds for those that require funds to go the next step, or have loans to roll over.

I'm pricing/risk my purchases according to company funding requirements in a likely tightening market.

Not worried about NCM but expect them to get dragged down a little bit should the correction come. Though it probably would bounce back quickly. Gold producing stocks did very well during the Great Depression.

IMO market risk is increasing across the board and I will be very cautious about over paying for stocks, especially those that are not yet producing. Patience is the game now, for me. Good opportunities could be coming.