I should direct you to Craig James' bullish interview of only two days ago. It's mainly the Euro situation that is the worry. They are saying that Asia has much less exposure to Europe. Craig James says that China's growth has been leveraged down a little because some people said inflation was a concern. Seems people worry when they are going too fast, or too slow. So the issue seems to be fear rather than fact.
Take a look at the interview: it is the one at 7.30am, Friday 23 September on http://commsec.viotv.com/
Craig James is clearly saying "we believe selling is overdone, people panic unnecessarily".
He said housing is looking better.
James said the leading US index is up in August.
James said overall this is not a bad set of figures.
The 4 week figures are showing modest improvement in the jobs market.
That is why I am bullish, because there is bullish news out there that is saying we are probably going to see a rally here.
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