Doom and gloom await those that seek it.lean times ahead do not mean catastrophe,just caution for those who can think.
The baltic index has dropped to its lowest pointin the last year(that includes the financial crisis that we are supposedly over),so don't get too keen on resource stocks because the boats aren't being booked to carry the raw materials,or the Chinese exports and some Chinese steel mills have gone onto care and maintenance.
Pigs trough time coming for those hording cash(BUY BUY BUY),notice no-one is announcing anything anywhere for any company with only 2 weeks to the end of the financial year.
In the meantime while all the hot air abounds some of us will continue to be collectors of bits and pieces at an extra discount with the hope of getting a winning hand.
The end is when the oceans rise and flood all the mines in Australia,power is made from hot air off politicians,food goes down in price,Cars are free because there's no oil and public transport runs every 3 days.The trains are scrapped and the Iranians announce a successful takeover of Australia with the help of Ethiopia. The odds are 10000 to 1 that NEW ZEALAND will WIN THE SOCCER WORLD CUP before then And Australia will become a Protectorate of Nauru.
AEJ Price at posting:
4.5¢ Sentiment: Buy Disclosure: Held