Fire Works Wed 5th November, page-12

I can understand why the xjo is where it is - I am not long it - but given whats going on globally I can understand it

What I can not understand is how sentiment is so relaxed when cyclical sectors such as resources and retail are sending loud and clear messages.

There is real pain going on out there.

I find the selectivity of this market (ie how few stocks are participating in the rally) to be of real concern