The Interest Rate Cuts can do nothing in this situation, because rate cuts only affect where Demand is muted. There is nothing wrong with demand, it is the Supply Side that is in trouble. Not to mention the businesses being stressed because of lack of custom for services (restaurants are most notable).
Our All Ords will test 6000 again, around which is my buy signal.
I do note that one US Brokerage firm even tips the market could fall another 30% - to me this could be a longer play, but you would have to be ballsy to wait for that sort of fall.
Good Luck - I am sitting on the sidelines for now.
