***exit all positions today***, page-10

  1. 9,485 Posts.
    lightbulb Created with Sketch. 1
    Support for XAO comes in at 3130 . Quite possible to hit this next week . Look for a bounce off this figure and then who knows .
    Defensive stocks which are at a good pe and yield will remain in favour .
    The worst case scenario is the final capitulation which may happen will leave us all unwell and in war as some have suggested .
    This is not my prefered choice but with many farmers starting to feel the pinch our golden run must come to an end one day .
    So far we have survived Russian crisis, Asian crisis, y2k, Nasdaq crash and some of the biggest corporate collapses in history . Witness Kmart USA , ansett, pasminco , enron , HIH, HARRIS SCARFE and the others .
    It might not be over yet.
    cheers ge
    ps; I'm long and wrong.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.