I would argue emperor Xi wouldn't want to tick off to large a number of the population.. housing downturn is the tip of the iceberg in terms of its slowing economy. So odds are well in favour of further stimulus.. and after all the China can't over take the u.s. economy and become the biggest kid on the block with a misfiring economy!
u.s. market setting new high after new high and reporting season is again upon them.. positive earnings will help spur our little ol ASX further along surely
IO holding up well above $100
and copper seems to have stabilised (too early to call it a return to uptrend i think)
+big fat Divs not far away
BHP Price at posting:
$43.74 Sentiment: Buy Disclosure: Held
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