No technicals, purely fundamentals.Back in 2007 when dow was...

No technicals, purely fundamentals.

Back in 2007 when dow was 14700 ASX was 6700.

Now we are roughly at the same level currency wise,

Our property market is up almost 50%

unemployment is lower

China absolute growth per year is almost 2x the level it was in 2007

Yet our market is 1700 pts below 6700.. whilst it should in all probability be prices around 7000 minimum.

Just a lot o feat in the market which will soon become greed.

Think FMG back at $10, QBE back at $40 and ANZ/CBA up around $50 and $100 in the not too distant future (maybe maximum 18 months.. more likely within 12 months)