monday, page-6

I think FDL's short term sp movement will depend on whether the drop in the DOW and the doom and gloom in the US causes a panic to set in on the Australian stockmarket like we saw with the last few corrections. At the moment spec stocks are doing quite well even though the big end of the market is trading sideways.

No doubt the blue chips will be done on Monday but at some point the Australian stockmarket has to disconnect from the US. The fact that BHP goes down everytime the DOW goes down is stupid. With record oil, gold and iron ore prices BHP should be going gangbusters.