Why is it that no one poster has suggested that part of today's weakness on the XJO may be the realisation in the US that the consumer party is over? A slow-down in the US will affect all the world economy, including Australia. The US Fed is as clueless as they have always been. Bernanke is as much of a nincompoop as Greenspan before him, who is as much of a nincompoop as Bush. Just watch the debates of the Republican and Democratic candidates, and it will be clear that the US has passed its use-by date the way that the British Empire, the Roman Empire, Eqypt and Ancient Greece did before. Those candidates are an embarrassment. If that is the best that they can muster, I'm surprised that Cuba under that dysfunctional idiot Castro didn't successfully invade America. He probably knew that he'd have to feed them.
ASX Price at posting:
0.0¢ Sentiment: Sell Disclosure: Not Held
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