best stock in the universe, page-191

mongombolo

Thanks for the reference to ...
"http://www.theaustralian.news.com.au/story/0,25197,23949038-643,00.html

IMHO what we're seeing reads like a concerted & orchestrated [agreed] bear strategy:
. Be selective on who is quoted - give them prominence
. Paint a picture of doom & gloom - media hot cakes
. Play on the fear created to whip up hysteria
. Identify the worst case scenario for stocks & publish these as authorative 'earnings downgrades'
. Get analysts to refer to these reports as proof of deeper doom & gloom
. Totally ignore what the RBA & govt. is saying about the economy - not to mention forward estimates, GDP, etc

I am still left wondering at what stage the RBA, GS, Swann et al will acknowledge the huge drop in consumer confidence that all their negative speak has wrought & just what it will take to reverse that. I wonder how much pain they have to inflict on normal people before they start to listen to them & acknowledge that the noble fight against the inflation dragon is in fact humbug & a totally ineffective waste of time?

As for the article's Manuell, IMHO it's a bit insulting to bulls when they drag the chef out of Fawlty Towers to act as a respectable market fat prophet [hehehe - hawhawhaw].

Meanwhile the good ship BHP just ploughs on through turbulent seas delivering all the goodies the world needs to survive and being paid for doing so.

4YIO - NFA