Banter and general comments, page-11909

Many of the world's markets, and particularly the US markets, seem to be quite different from the ASX and the FTSE. There seems to be far more conservatism and nervousness in the latter pair. As such, in good times they never make the huge gains that other markets make. The ASX is at basically the same level it was at 10 or 15 years ago, while US markets are roughly double, even after recent heavy falls. I wonder if this comes down to the more conservative, less risk-taking personality of Australian and British investors compared to others?

As for CXO, I never thought I'd see the SP drop under $1 again. Then again, I didn't expect LTR to drop under either. Both companies seem to be in a race to the bottom! It'll be very interesting to see how Leo Lithium fare when they commence trading (tomorrow is it?). The holders who got the freebie shares via FFX might be looking to cash in their chips straightaway perhaps. I suppose Goldman Sachs will be looking to fill up on lithium stocks soon, having been a key driver in knocking them all down. Anyway, stay strong in there because the CXO cash will start to flow in the new year. Good luck.