We still have too many people in doubt, I can see the bottom is nowhere near. We need a lot of depressed people around.
Our market take hit one sector after another.
Bank -> Resource -> Bank -> Resource and Safe heaven now.
I guess anyone has just reclaimed the shorting tools cannot wait to abuse it, lash on WOW, or anything that is preceived having some meat left.
Also, I can feel the second wave of hedge funds selling just begin since they have received the redemption request late last week. Our resource heavyweight might well be on the top of their hit list.
Just have a look at BHP, 3 times as much offer than bid. Just a matter of time, it soon will be below $20.
What a shame. We took the lead in developed world in stock market crash. Go Aussie Go...
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We still have too many people in doubt, I can see the bottom is...
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