i am predicting that the ASX will face only a two digit loss tommorow 2-3%.
if it werent for the overseas markets influence we would probably be sitting on single digit % gains for the year.
When a turning point does seem apparent - ie. rising market, increased volume for a few sessions in a row it will definately be time to get into the unloved growth stocks (optimistically hoping this will be in <3 months)
WSF, COH, ALL, and of course cylicals and resources especially the smaller resource co.
there is way too much negativity here. perhaps a contrarian indicator.
however to all those who have shorted and used puts lately congratulations, you must be sitting on some nice profits.
hope you can get in to the spi futures and calls when the market turns as well
