Looking at the ASX I would say all the brokers valuations across...

Looking at the ASX I would say all the brokers valuations across the ASX board are going into a sharp downward slide. With big Oz markets like China showing the cracks its going to be a very tough market for quite a while.

However long term CVN are in such a nice position to ride out the bumps. They tick all the boxes with low costs, good exploration prospects, self funding cash flow and a big building bank. Added to this CVN will get the exchange benefit as the A$ gets hammered.

Its inevitable that Oz interest rates will come tumbling down as soon as the Reserve bank wakes up and smells the unemployment landslide.

You can see it like a train crash .... Rudd and his cronies are going to make a real mess of this situation (like every previous Labor government) because they have absolutely no idea about economics and money management.