Saturday, May 17, 2008
Why So Long?
The bull market is back baby. If you don't own Iron Ore, Coal, Oil and Phosphate you're a clown. BHP Billiton is well on it's way to becoming a $100 stock this year. And if it does, and if the Aussie banks want to keep trying to buy each other, then the ASX is well on its way back up to 6500+. In the short term the Aussie economy doesn't really care what is happening in America, higher interest rates haven't really started to bite and our Chinese speaking turnip elect hasn't done anything to put the brakes on inflation.