Stu,
Yes, it is rubbish as well in this market. My haircut was months ago (NAV 50% loss) an sitting on 97% cash now. I walk now. Lesson learnt, move to the next but capital protection is always hard to implement as we are human.
I just am saying, need to see the train moving forward before putting money on the stump. This is serious but then at some stage serious value is going to hit us in the head.
Problem is this is a unknown that has been known for years. Let's wash it out now. The can kicking is over an the sooner all see this an we just let this play out, the sooner we can move to recovery.
Stu,Yes, it is rubbish as well in this market. My haircut was...
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