My opinion is that until the US doesn't find their sit in that new World Economy in which China is slowly taking control of strategical positions, the US market will be a wild ryde. We as Asutralian should be looking at Asia not US.
But we all know that & unfortunately this wild ride does not depend on small holders like us but big Players that r shaking this all thing to a level where they can get back into the game.
China is buying resources for their people whose life style has raised a lot and not producing for others as it has been said here many times. A lot of artciles on google can support that.
India Russia SA and Brazill... are on their way. Simple Google search will show u that easy.
Resources are a key to the problems the world is actually facing.
The US have more pain to go through atm and as long as they do the Dow will cop it in a crazy manner. And it will be of our own decision to follow or not as Market wise I don't think we will have any real reason to.
ASX to 4500 wouldn't surprise me: look at the ASX chart since 1980...
IMO
D78
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