So guys what's today and the past few telling us?
From my understanding most of you still think this will be a bear rally. We either will retest this low or go lower if I read you right. This could occur sooner rather than latter ie in the coming weeks.
Fundamentally we still have a few problems to iron out. However in saying that are they priced in. Some commentators out there are saying this had to happen and even on dividend yield we are cheap. It appears to me that many think only something pretty woeful is going to send us back down further and if not while choppy this could be a good buying point for the long term. See link below, not a bad read for someone like me that's green.
http://www.aireview.com.au/index.php?act=view&catid=8&id=9795
Can't say it feels right to buy yet as still so much grief to come from unemployment and housing and resource pricing/volume and...... Though I note some coal contracts are in and a bit better than forecast. Though volumes could be down.
So what are the guru's of the thread thinking, give use a heads up on what's changed and if now's the time to go very long??
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