London based law firm Pogus Goodhead arrives in Australia to meet politicians and institutional investors to warn about an impending legal battle in April next year with BHP over the Brazilian dam disaster which it warns could involve 36Billion Pounds in damages claims; conveniently the market has swept this potential contingent liability under the carpet that is not factored all these time, as I remember raising this a year or two ago, once again underscores my belief that BHP’s $50 peak is the start of its next cyclical downward phase. And as we know if BHP and the major banks go south, ASX will do likewise.
Important to however note that the index does not have to define our returns.
