Agree there. General market letdown by the institutions that got us into the gfc - the loss by Dimon last week further implies the market has no idea. Market sentiment is determined not by us little holders but by the big boys who can do at will what they want - so hardly a real indicator of what is really the status. We finally have some confirmation today, but unfortunately the Australian institutions can't see the longer term and are content to have their tail wagged by Europe, and the global financial institutions. No wonder more investors are moving to individual accounts and out of brokerages - if today's lack luster performance is anything to go by, I wouldn't say it reflects on Obj, but rather the myopic view that Australian institutions see. Sentiment in Obj reaffirmed as a strong longer term investment - sentiment in institutions further reaffirmed that they are self serving and have bigger all idea - not surprising there. Give it a few months and hopefully this pathetic risk off attitude that pervades through the media will give way to some realistic sentiment. Not so much market makers anyone - together with the media, market breakers - and as for this being not a price sensitive announcement - further confirmation of the abilities of Asx and ASIC - go figure.
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