Nothing has provided any stimulus and now the world may have run out of ideas apart from lowering interest rates further. Global GDP projections in 2009 have been smashed throughout Europe, Japan and the US. The future action will be in Asia and the emerging economies - Australia may not be immune, but she in one of the best positions to ride it out.
That being said BD, our market and most of the aboves have been so ridiculously oversold that it will beckon belief that some companies will be further sold down during the reporting season. The resources spec/small cap market has been decimated.
