tota1999, the problem with a lot of the companies in the ASX 100, is that due to the surging AUD it is putting the brakes on earnings growth from overseas operations, remember even the big 4 banks have overseas arms and once they convert say even their NZD earnings back into AUD they are going to take a significant cash earnings hit.
all that is happening is that a few global instos have decided to re-allocate funds out of Australia which is why the XJO is struggling, it is likely to continue until the AUD/Gold/Oil trade is finished.
