Beyond a Joke, page-55

USA has already crashed, Australia has just held up better because we haven't run like other markets. Look at Australia in the GFC, +40% drop top to bottom. Only 15% today because we haven't gone crazy. Only housing is theoretically down according to media but the banks won't let them drop too much, it just won't go up for 10 years.

Until we get multiple 10% down days I just cannot see it happening in Australia, if it does it will be this month but BOE has already started stopping that route, British pension funds are no longer offloading assets.