Just go back and compare S&P in '02 AND '03 when it dropped to 850. Now do your sums around how bad this is going to get in Wall St. The only bright spot is our resource sector and the money going into renewables. Get them and get bsome gold and hold on for several years. How good it all was is a mark of just how bad it may get for some years to still come. Nostradanus called 2007 to 2012 "the times of trouble".
It is going to take another 5 years tp get on top of the oil price debacle via biofuels and plug ins etc. (don't forget we still have to buy the new cars).
That is how it looks from here. I am in Bali chilled and loving it whilst promoting our new product and I reckon this one is a doozy to test us to the Max. Stay Frosty...Be Kind.
My two bob's worth for what it is worth.
BNB
babcock & brown limited
