Alas the correction has taken hold. Could be the next week or two will separate the men (HLL) from the boys (nihilism) :P hehe.
NRT is once again in view after closing above $10 on the Nasdaq, corresponding to 42cent ASX price. This should give a stable base although it appears the indices are leading eachother on this stock. We followed Nasdaq to 25c, they followed us to 41/42c.
As always early trades can usually be gotten in times of peril on defensive sectors - they may start low but by the late afternoon they normally pull back up.
Coal coming into focus early this year now, A lot of companies are betting on Japan to increase the coal commodity price over the next few months as well as the new china government ramping up stimulation packages in march to may.
So while one half are betting on US/Euro falling the other are betting on Asia trying to out-do one another. Interesting times. Bull or Bear?
