the dow is still going to fall follow the tad, page-20

I think this is way over done and lending rates will sort themselves out quickly. Term deposit rates are at 7.5% so banks are not hard up for cash or they would be offering 10% and competing. I can remember when term deposit rates were 17.5%, banks were cutting each others throats and that did not affect the markets. Banks performed well.

Banks are playing hard ball. Now they want rates cut too and they will probably get it. Then it will be back to business as usual. Is it going to cost you or me more for a credit card, home loan or car loan? No.

How long do you think BHP is going to hang around $26-$28 for with PE 7. Not long I reckon. Looking at the US market the PEs of most big caps are around 6-7 now. That is historically low. In case you did not know, markets crash when PEs are too high (not too low). Its bargain shopping territory now - Buy on dips.

Recession fears tend to bring stocks down off their highs - not down lower than their all time lows. So this is going to turn around fast regardless. Our economy will go gang busters with the Aus dollar at 70c. Good time to be an exporter.