There's a lot of investors out there cashed up big time, they will see the bottom, wait for the first sign of the bounce and get back in.
Resources and energy will continue to perform, well into 2008.
It's time that the ASX grew some balls and traded separately to the US stock exchange too.
Fair enough, their index has risen on the back of their energy sector (30% of their index) while the remaining 70% of their index only contributed 1.4% growth to the overall 14.4% this year. They're in some trouble... Australia?? Not as bad, no where near....
I see maybe another 2% correction here before moving up again...
