thursday up down and sideways, page-44

topwon,

All indicies are overpriced in my book so I don't bother too much with relative levels. I'm short about 10 ASX stocks so if they happen to tank faster than the US indicies that's sweet but secondary to the bigger picture... 2007 to 2009 can be regarded as a warning shot imo and has been followed by huge retraces in the financial and resource sectors. Strangely enough the index has only retraced a little over 50% and is currently offering a rather healthy get out of gaol free card for anyone willing to sell.