dow dramatically down in new york, page-7

I disagree with Rudds $10b rescue plan kickstarting anything. People aren't going to jump back into housing even if the grant goes up 3X. The taxes and stamp duty in NSW completely kill that idea because they're way above other states. If these were cut back to competitive levels then YES. The risk is that Rudds just spent half of the total surplus in one hit with no tangible gain. I'm nervous. Like other people have said before, let the market find its bottom and stop meddling otherwise we'll hit bottom HARD.