xjo weekend zoomba lounge., page-6

Good point "intuition".

There was a good article in the SMH today on the market.

http://www.smh.com.au/business/beware-the-typical-pitfalls-of-wrestling-with-a-boar-market-20110708-1h6ul.html

I have to agree with most of this article. A work colleague gets a daily report from a broker, and it is always bullish, always telling you how undervalued stocks are and that NOW is the time to buy. It really is a load of dribble and spin.

The market cannot seem to get any "clear air" and is lurching from optimism to pessimism. Consequently, we are range bound. This could continue for another 2 years. Why?

The carbon tax will NOT provide certainty cause Abbot (if Liberals win) will repeal it, or just not collect it.

The east coast of Aust is so close to a recession, it is not funny. I would not be surprised to see 2 periods of neg growth.

Big govt is restricting business from going about creating wealth for themselves (and the nation).

With all the above, people are hunkering down. This is reflected in consumer sentiment numbers.

So we either sell and go on a holiday; hold and be patient; or try to chase the market.

HT1