re: the statement aus in general takes its lead from the us markets, we know this.
confidence is lowering in the us markets with property foreclosures rising and prices dropping in the hot states, interest rates and oil rising and dislike growing for bush.
im playing the doom/gloom advocate right now although you have to a strategy, you cant stick your head in the sand and think that the aussie markets will continue their trend for the next two or three years.
investors look for the best return with the least amount of risk, if interest rates continue the trend money will move.
the statements above might have some validity although they are the not the complete picture of the aussie markets trend.
thoughts?
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