an eye to the future, page-2

Great post Mattatcgs.

I suspect Rudd got a chewing out last night (with the mining execs)and rightly so.

If he stays with this tax he will go down in history as a one term Labor leader who lost massive numbers of jobs.

He did enough damage in the market yesterday and that fall, compounded with today's likely shellacking will see even more margin calls triggered. It won't be pretty.

I'm happy to hold for all the reasons given by Mattatcgs and the swings and roundabouts are merely that.