wanna bet? You havent seen a bottom like we are likely to see yet. As the Dow has been and is going dooowwwnnnn in its death spiral, our markets have been holding up relatively well.......till now. Everyone now realises that the war IS going to happen, no question about it. The only unanswered question is how soon and how bad. Bush, Howard, et al now CANNOT back down, or they will lose face at home, drastically. By going ahead, they will lose face internationally. As stated in a news interview last night, the hundreds of thousands of US troops mustered in the Middle East have a "use-by" date - the logistics of keeping them " in hover" and rotating them is too enormous to bear by the US.So they MUST attack now, and SOON. We know that oil prices will go up with the attack, we have been told, as high as $USD70+. So we will be paying $2+ a litre for fuel domestically.The government will make SOOOO much money from the excise- while it lasts. Remember John Howard last year announced a "trial" fuel -rationing in Australia for May-June.Our own "self-produced" reserves will only last 220 days, he estimated. And remember the Arabs/Islamics will be loath to supply the "Deppity Dawg" of the "Great Satan". What is doubling the price of fuels going to do to ALL industries? I think we are in for a hard time due to that one aspect alone. And there are others...
