warty wednesday, page-230

bounced off low on rumour of rate cut - all over the boards.
I think we are wising up that the US is in big trouble economically, BHP is broken (maybe), the US bank indices haves been down over 10% in the past 2 weeks and staying there pretty much. Unless BHP recovers and breaks new highs I think we'll slowly soften into a major correctional abyss, with the banks hit harder than most things. The election is only weeks away fwiw - and cannot bring stability during this period.