He made too early a call on BHP, possibly 12 months.
the uncertainty is being priced in the market, commodities are sold down as hedge funds are bailing out. same as the A$ - Better for global companies like NWS,WDC
agree that the banks with grossed up div ylds of +7% look very attractive. Lower prices mean more bargains.
tentatively, the index at 5400 may be the bottom.
the bottom...a view from aitken, page-5
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