Firstly, bnbsucker I feel for you pal. I lost my lot recently,...

Firstly, bnbsucker I feel for you pal. I lost my lot recently, but not to the market - I have my now ex wife to thank for that. . .

I have been watching the mkt for the past couple of years, but have only recently been able to invest after the assets of the marriage were freed up. I wisely and very deliberately avoided the banks although I did have a moment of fleeting stupidity and considered buying about 500 MQG under the guise of diversification a month or so back ago - very happy I did not!

So, to my question:

How low can it go? If anyone out there has any technical opinions based a bit of analysis on mkt cap, assets, debt level etc I'd be interested to read, at present most posts either suggesting get out or hang on.

Of course analysis is probably no help in terms of picking this thing at present, it is a snow balling beast.

Have no plans on buying this at present, just interested in understanding & learning a bit.

So, I'll hand over to the experts and send my commiserations to those who took the hit this week.