If there's one time the RBA may consider a whole .50 cut, it would be today, if they don't cut .50 today, the market won't like it one bit. I am for once confident the RBA would pass the .50 cut knowing well the banks wont pass on the cuts, it would be sensible to pass it to the banks and not to the end consumer, as it helps stablise the credit woes of financials but stop short of creating an inflationary pressure.
I hope to hell no bank passes the rate cut today. (I have a mortgage).
Let's hope things turn around. I have been buying at every 25cent drop to dilute, lets hope it pays off hansomly.
Good luck, ladies and gentleman, hang tight, the Demon ride will be all week long.
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