world economy, page-53

Luap, MM and Cat,

A good balance of views. its not simple to predict where we go from here, however i agree with your view LUAP.

XAO has underperformed relative to DJIA primarily because of our perceived resource weighting. So should a co-ordinated Euro/US plan be implemeneted it will be a big boost to investor confidence and the market will stage a big rally. Once risk is back on XAO should outperform.

SEA has a robust financial model, generates cash, has sufficent liquidity to fund its drill program, quality management and is about to enter potentially the company defining phase as it shifts to high interest wells in the exciting mississipian/woodford play.

i too will be buying some, currently hold RFE which has had a tough few weeks.