Auction sales are only around 30% of the market so what does that prove. If BHP has a low volume day is it suddenly a bad buy? If you are going to cut and paste deliver some logical conclusions.
BIS Shrapnel MD according to API reckons there has been a total overreaction in the media. We have a strong economy relative to the US, unemployment is at at 34/35 year low, low vacancy rates, migration positive and mortgage arrears in OZ very low.US is a basket case - we are not.
Try and stand on your own feet and do your own research and you will avoid sweeping generalisations. In a booming economy if someone has overcommitted, got sick or has to sell for a number of reasons does not mean everyone is in the same boat.
Keep an eye on your shares, super , margin calls - they are in dangerous territory - not property.
