banana republic, page-10

"As a lay person, when I see the asx can't get over 5000 when the Dow, Dax, Fts,japs and most indices are hitting highest levels..."

Aaah! But why is the Dow up there? Not because anything good is happening in the US. Au Contraire....all still drifting downwards. I read recently that the reason the Dow & Dax are high is that people have been pushing them up buying on margin. There is certainly no substence supporting their lofty positions, so it could well be that. But we know what can happen with margins......the bubble will pop & look out below.....

GZ