Believe it or not, the catalyst was good news re: higher wages...

Believe it or not, the catalyst was good news re: higher wages growth that send bond yields higher which caused stocks to fall. While that was the catalyst, it was already susceptible like a straw house waiting for a disaster. Is this just a bad dream or something more protracted and uglier - you guys have to decide and decide quick. Most peoples' portfolio aren't really meant to be long term ( BIG long term? GSW long term? BUD long term? )- think again - even CBA is not long term IMO (banking ops likely to be disrupted and their entire asset rest on a single point of failure- housing).