Personally, I strongly disagree with this sentiment. Small caps...

Personally, I strongly disagree with this sentiment. Small caps tend to do exceptionally well in difficult markets IF they can execute. Our valuation has all kinds of risk attached to it. As that risk gets removed, companies like ADN will massively outperform a bear market as people look for value. The key, as with any small cap, will be executing. No different to any other time. Remember, despite all the doom and gloom people are still looking to invest their money somewhere.

Also the world is not bloody ending. The US might see a mild recession at some stage as the fed pump the brakes, but they’re doing it into a robust economy, and it would take a massive stuff up by the RBA and whoever wins the election to cause one here. The fear index is at maximum at the moment, things will turn.