consoling view, page-6

IMHO the market "may" fall another 10% to make it a neat 50% before it rallys strongly on the return of confidence, I have been buying this week, it's hard to find the bottom because it so dark down there but I think we'll find it soon. Lack of bying depth this afternoon says we are very very close. Those that capitulated did so today it appear.

Cashed up companys with many $100's of millions in cash sitting on their balance sheet isn't sustainable in the long term. They could just do nothing and earn interest or spend the cash to buy a big stake in BHP and RIO and pay divi's over the next few years if they really wanted.

These are crazy times.