well i could be proven wrong but lets face it, the all ords is...

well i could be proven wrong but lets face it, the all ords is down around 20% from its highs, as is the dow, many of our banks and financials are down by 30% to 40%, even CBA!!! MQG is down around 50% from its all time highs. Dont even mention the AFG's, CNP's, BNB's....

this current correction has seen plenty of carnage, in fact outside of resources it is hard to find anything in an uptrend. notwithstanding the resources bubble getting burst which is difficult to envisage given the growth in china and india it is difficult to see how much lower the financials and industrials can go. the forecast p/e for CBA for example is now around 11!!!

anything can happen, i know some are predicting all ords to 4800 - if that happens there sure are going to be some great bargains out there.