Hi Mike,
Yep, I see stuff like BHP and CBA back within 20% of their all time highs - why? I know we can factor in some recovery but the economy is nowhere near 2006 or 2007 levels yet.
I'm short BHP at $39.75, CBA at $49.50. Just can't see how it can keep going up in a straight line.
A bit like October 2007 before the big crash - market went vertical then fell over.
I don;t think it's going to fall too much, but it needs to slow down soon.
