Well the new financial year is here and the market dropped last day of financial year. The volumes have been low for 2 months now. Personally I cant see the Auzzie market now making 6000 as was expected in January people are in so much debt its scaring them but they just cant save with all the expenses servicing the lou beaut product they have bought the last 10 years. The air cons etc are packing up and costs of electricity increasing not good recipe for consumption,
So I start off in positive territory (BEFORE THE BUG FALL) with shorts medium to long term:-
HVN JBH APN CBA MQG MQA SUN FLT TLS FMG CSL WOW WES and a huge holding of BEAR shares even they are green have bought below $18.10.
I think the overall feel is down for next 3 months and am putting my money on it.
Good luck guys
