Comparing share price for the last month:Alcoa (AA) up 1.02%AWC...

Comparing share price for the last month:

Alcoa (AA) up 1.02%
AWC (U.S.) down 22% (including last nights 8% fall)
AWC (AUS) down 29%

Also in the last month the $A has increased by nearly 4% against the $US , making the gap in price even bigger.

In the share market crash of 1987 , my broker told me that those who panicked were the Australian institutions and fund managers whereas the mum and dads stayed cool. In the two months of the 1987 crash (Sept to Nov) Aussies dropped 45% while the Yanks only dropped 24%. Perhaps we still have lemmings in charge of our funds.

I'm amazed that 60% of buy/sell decisions rely on charts , so maybe we will test the GFC low of 68c or maybe the 1982 low of 55c.

However there is an world over supply of aluminium at present, but already the forces of capalitism are starting to work (except when governments interfere). Mining and processing has already been rolled back while manufacturing in the aerospace and car sectors are looking up.

One analyst is forecasting DPS of 6.4c and 8.4c for 2013 and 2014, i.e. about 8% and 12% fully franked.