how come the asx market is so stupid, page-12

Does anyone actually believe that any of our banks are properly valued at the moment? Surely not. Fear has overtaken common sense, and anyone with cash will be buying thse bargains right now.

Meanwhile the rest of us see our Superannuation values tumbling. House prices are not too bad compared with foreign equivalents, so I don't see a large correction due there either.

At the moment we simply seem to be the tail, wagging in the extreme, and guess where the biggest donkey is that's causing it!