flood and cyclone exposure, page-6

Good point about the media Take Profits,

Today's media is all about alarm and some people will instinctively over-react to this kind of coverage. Therefore adding volality to the market.

Volatilty is not such a bad thing as it gives the wiser or luckier a chance to get ahead of the pack.

Note: I am not claiming to be a wiser one here!

I nearly bought another lot of QBE today but I thought I might wait until the storm has passed. It could be a bad move if it is more mild or misses the major cities.

Good luck to the people up there, my friends in Cairns assure me they have a good supply of beer so i'm quite confident they'll be ok!