We all understand that we are a small % of the global economy blah blah blah, but: From CommSec News and Research, midday report opening line,
"The Australian sharemarket is having a very tough day today after receiving a weak lead from global markets overnight."
Who writes this drivel?
Should be, "Overseas Economic data lacked strength but the Australian market, once again, did not have the confidence(read: cohunas) to perform on it's economic merits. The sensational head lines portrayed by an overzealous media have, once again, encouraged short positions to dominate. The Australian market runs the risk of being over sold on a regular basis and this is having a negative effect on investors willingness to participate. This also impacts on the overall ability for Australians to self fund their retirement, resulting in extra pressure on Government services." Blah blah blah
### The above is just a jovial report, I got bored watching IRESS###
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