mighty monday, page-13

Robbb,

just wondering with the commodities index having dropped 56 percent this year, with a large part of this in the past 6 weeks, where do you see the recovery coming from?
The australian market is so heavily reliant on commodities that it would be hard to see the market bouncing at all until the bottom is found with commodities as a whole. Opec isn't due to meet till the 17th about potential production costs, by that point the horse may have well and truely bolted with oil. Copper looks dead and burried for the short term.
I will be putting the toe in the water with the banks and infrastructure stocks on monday, but i think we are still a long way from finding the bottom yet. Friday was encouraging, but until commodities stop getting smashed i cant see how a market so heavily biased by resource stocks can recover too quickly.