flight to quality

With the drop in Stock markets, and strenghtening USD... Should see a flight to quality leaving specie and dud shares behind today.

I would look for gains in BIL,CSL,WES,NCP and property trusts AUD/USD as the value of the assets off shore has increased in line with the falling dollar.

Companies with high oil needs/USD exposure are in for a hammering today - QAN,VBLUE...

The banks may sure today as punters exit risky positions ( VCR,OXR,HDR,AMP and others that have run hard and are due for a breather..)

Finally, Today represents a buying opportunity to DCA into oversold shares.


Singas