The biggest issue I see is the strength of the Aussie and the Loonie versus the US Dollar.
They are both over-valued.
Alan Kohler was saying the other night that the difference in the performance of the DOW vs the ASX in the last 12 months is balanced out by the movement of the Aussie. Overseas investors don't want to get hit twice.
thank you mr. bernanke, page-12
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