SB2000, I beg to differ with two things in your post. Your idea...

SB2000, I beg to differ with two things in your post.

Your idea that "our sharemarket falls have been bigger than the US to date so we have less to fall", is a false logic. Perhaps you should consider that our market ran harder and higher than the DOW over the same period and therefore has a lot more to give back until prices and fundamentals reach parity.

Secondly, beware claiming that "our companies are reasonable value and we are still tied with asia". CHINA is the single largest holder of US government securities - the US is VERY MUCH tied to ASIA - perhaps more so than Australia.

In short China and the US have each other by the proverbial short and curlies. If China pulls out of the US and redeems its billions of dollars, the US will collapse. However, if the US collapses, China's economy will also collapse. Its a Catch-22.