The USA housing wreck portrayed in 4cnrs last night was incredible. In addition they spoke about how the entire USA consumer economy will be affected. Featured a USA Westfield shopping centre selling ultra expensive watches, shoes, designer fashion clothes.
I have recomended holders sell WDC for ages. Yesterday was golden opportunity (and maybe last) to bail out. Today's pre-open indicates WDC will open sharply lower. Company is cashed-up..... but has massive exposure to falling job mkt, loss of savings, houses etc being experienced by millions in America and UK. A rising AUD will also knock WDC profits. High risk share IMO. Far better/safer value elsewhere.
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