It's just possible that the current poor relative performance of the Oz market is linked to the coming C Day Carbon Day or maybe Chaos Day on Sunday. The Labor government will then announce its plans for the foreseeable future.
Abbott is right about one thing - whatever the Labor government does it will have a serious impact on the economy just as the GST did.
There's been so much uncertainty about this with plenty of leaks - but Sunday should provide some certainty. The market dislikes uncertainty.
Just how bad or not so bad it will be will be seen on Sunday.
Maybe then our market can sort out its relativities.
Good luck
Redb
It's just possible that the current poor relative performance of...
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