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It is only the small 'f' fools that will sell down on the Oz markets today. The Fools should and will hold on to their investments as the markets in Oz do not bare any resemblance to the US stock markets.

We do not have a bubble - for some reason we have an intelligent investor physique and an abundance of good undervalued companies which is the opposite to the US markets.

We do not have the asset, nor debt inflation syndrome!

Nor do we have 260 million people trying to buy into a limited market. As in all previous cycles the bounce will occur so hang in their! Be long and be strong!

I know that you do not need these words of encouragement but I though I would post this message anyway.

If you want a hint as to the future you can always visit the Chicargo Mercantile Exchange and see after hours trading positions. I reported last week that they were tanking. They have only dropped a limited number over the weekend so it will be interesting as to the American phsyique on opening tonight.
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