We might talking about $48 CBA and $45 BHP to get thereYes that...

We might talking about $48 CBA and $45 BHP to get there

Yes that seems like a big stretch but we are not talking about a share market that is listening to fundamentals here and $10 swings are part of this illogical world that has been created. How many thought, at $48 and $45, these fantastic companies would collapse to where they are? Who has enjoyed the trillions removed from share market capitalisations to cover for a few hundred billion written down on USA real estate and dopey accounting policies?

All totally stupid in my fundamentalist view - serious investor's funds just at the mercy of the TA's and chartists, and soothsayers, and hedge funds playing star wars with comptuers and graphs.

And where was the weekly oil inventory report when we knew it would be supportive of the POO and death to the USD? Not one word that I saw, when usually the world jumps to this American tune.