buyers yesterday bitten today

This is a crazy time. What will the buyers from yesterday do today? Will they sell? This is how stupid the market has become, just because the RBA cut rates the market swings from being around 3% down to 1% plus. Australia is not immuned from the rest of world. It is a global economy now and what happens overseas will happen to Australia. It maybe to a lesser or delayed extent, but, it will happen. We are fools if we think it wont hit us. CASH IS KING. Stand by for more wild swings over the next few days as governments around the world panic and, inadvertently, fan the fear factor. I mean, look at what the economists are saying about the RBA's 1% cut - their now saying that the 1% was totally unexpected and that the RBA knows something we don't know. What surprises are awaiting us, I wonder!