we have a long way to down go yet imo. come 3/4 in oz house prices will start coming back real time. more confidence will go .... and then ............ wait for it ............. we'll eventually see the recources boom hit a brick wall. and then when it does there will be 1000's out of work if not tens of 1000's. c r u n c h !
yep we have a long way to go yet. mkt recovery past weeks is just a classical bull trap as far as i'm concerned. hard for me to say it as things do look a lot better but i'm nowhere near satisfied we've hit the rocks just yet awhile.
so china making a move on bhp eh ? now why would they be letting folk know that i wonder. not the sort of thing a classy cashed up sovereigninvestorpuntercomewhatchinais would likely be doing imo. more likely shorting bhp big time and then china pulls the plug on growth ........ metals collapse and hey all of a sudden china makes a packet on it's short. funny that. nah cannot be. my suspicious thinking once again.
anz $12. i've been saying it for some time now.
but who really is going to fail first of the big ozzy financials ? st george ? a large broker ? or just a hedgy ? and just where is that big british bank failure, i keep on about. it's out there somewhere. but where ? should have been declared by now mi thinks.
