Lets just say CBA economists predict the USA recession will...

Lets just say CBA economists predict the USA recession will continue for sometime yet. Their debt is bigger than astronomical and for this reason we cannot expect the DOW to reach the heady heights of a couple of years ago, for many years to come due to shallow consumer sentiment. They also predict $AUS to be on par with $US at some stage this year.

GBG support (not resistance) should become $1. However, with the mine set-up moving along nicely, i expect GBG support to uptrend slowly (in a roler coaster fashion)until the years end. The US woes should have receeding effects on ALL stocks during this time. This brings short term trading to the fore which may enhance the size of these pullbacks as panick traders will follow.