Nortiba, my opinions
You might be a bit early with your synopsis. I reckon we are nearer a bottom than a top right now, there should be 12-18 months of GDP growth in the Western world to go.
The focus should be on PEAK CONSUMPTON first, then the Baby Boomer spiral downwards.
The other thing to remember is to be in the right sector - commodities and energy is the last sector to boom (before busting). If you are playing other sectors you are now in a bear market - financials is a classic, so enjoy the bounces but don't expect too much before it tanks again.
Consumer discretionary - keep clear of.
Tough times ahead I agree.
Do the Super Funds really care? As long as they are with the pack they are immune with regards to relative performance!!
Phil
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