A previous poster commented that the Aussie market is tracking...

A previous poster commented that the Aussie market is tracking the US market even though they are in recession and we are not.

Well, the last time the Dow was trading at these levels during October the all Ordinaries was around 4,000. Now we are 3,483, about 500 points less than what we should be. Rather than tracking the US we are doing far worse. Has our correction been overdone during the past month? Will the rate cuts in two weeks spark a 500 point rise to get us back to where we should be?

Or is our market trying to tell us something (as if it wasnt already trying to tell us something). The worst news should have already been factored into the US and aussie index and so cannot see why our market should perform worse than the US.

von.