re: monday bloodbath on asx
We are ages away from that....world growth this year is at near record levels. 2007 won't be too bad. Poop will hit the fan 2008-2010.
We are still solidly in a bull market....don't make the mistake of Jesse Livermore before the 1906 recession; he described similarly to this: "I saw a big pile of cash sitting of in the distance, with my name on it: all I had to do was to start shorting stocks." Turns out that he was right in predicting a bear market, but he had his timing out by about a year, by which time he'd lost his fortune.
