G'day georgenow,That was a very good post. Thank you.I also...

G'day georgenow,

That was a very good post. Thank you.

I also agree with your sentiments. I think value still exists in some sections and with some companies in the market.

I do believe however that confidence will be a major drag, particularly in the U.S.

People have been burnt; they're less likely to 'risk' their savings in new sector companies. I wonder how it has affected the sourcing of venture capital? (Thinking out aloud).

Many blue chip companies still attract high P/E ratios, which are above long term averages. Correction will occur - just guessing in what form and how sustained those losses and this downturn go is anyones guess.

Defnitiely interesting times ahead.


Regards,