I have said previously be prepared, IT is coming...
As I posted by me on HC (ASX) today:
I still believe a significant correction is coming and all the indicators are lining up. The dow is bucking the slump in US housing and is pumping to record highs. AMP article below suggests all is well but still mentions a "correction" in the next few months, but when?
AIR 17/10/2006 http://www.aireview.com.au/index.php?act=view&catid=8&id=4548
"Since their lows in June, global and Australian share markets have rebounded strongly as
inflation and interest rates fears have faded, bond yields and oil prices have fallen and
confidence has increased that the global economy will have a soft landing."
"Global shares are up 13% on average from their June lows and have risen above their prior
May cyclical highs."
"The Australian share market is up 9% from its June low and is just about 1% below its May
record high."
"Over the next month or so share markets are at risk of a correction."
GBG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
