tough call.... maybe...., page-5

Remember this time there will be no Fannie Mae and Freddie Mac. Nor will there be the dodgy fundies that were caught out last time. Nor is there the highly leveraged property trusts or highly leveraged stock market investors. CER is not overpriced according to property values that are still written down well below 2008 valuations.

If you take all these things into account and add that with America losing its AAA and Australia still retaining theirs then there is no reason for a major crash in Australian stocks. We should be seen as a reasonably safe place to have investments. I'm expecting to see a good demand for Australian stocks.