With the Senate going to the Greens and whoever is PM having the Greens holding some of the puppet strings, I would say it's bad for business in Australia, both internally and export wise. So, stocks in my mind will be down from now on for some time. But then other factors could come into play, such as the Greens might wake up and alter their stand against Uranium and coal mining, higher taxes for miners, etc. In that case, we could see a strong market rally once the dust settles as to who leads with what agenda. Time will tell.
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