There is no doubt that the ASX has underperformed , and in real...

There is no doubt that the ASX has underperformed , and in real terms is far from the resources lead peak of 2007 .

However the US Market , from which markets worldwide seem to take their cue , is at all time highs .

I personally think there are too many gurus calling armageddon for it to happen .

The increase has been too measured and fearful . 

As you say in 2007 there was not much fear about and not few predicting a GFC .

However if the US market blows up so will the ASX .

We are certainly due a recession in Australia , I am just not sure if that would be good or bad for TRS .

 gltah