***exit all positions today***, page-6

Stop the Alarm bells, false alert 1 We are not America
2 Most of our stocks trade on a fair PE
3 I think that there has been enoungh blood letting in the U.S markets.
4 The U.S markets will travel sideways for a little longer until their economy starts moving at a faster pace.
5 The U.S will out perform in 2003.

One thing though, I am wary of the Aussie banks at the moment.