The ASX200 has recently been getting obliterated. Uncertainty among QE policy, depressed miners and the depreciating $A among many other issues may be causing problems here at Australia. As I've mentioned many times before and will continue to do so, red is good. Instead of speaking along the lines of "the trend is your friend" i think along the lines of "red is your friend." I believe volatility is good if you can take advantage of it.
To jump round slightly, i believe Australia's future is bright but i'm somewhat cautions in making this claim. I have little doubt that America will be far better off 10 years from now, but that's a different story. As the mining boom concludes and Australia scrambles to make-up for lost output ambiguity increases. However, i don't think it's all doom and gloom. People will still be spending money domestically on certain things, no matter what the circumstances are. Having a part-ownership in good businesses is my way to hedge against most risks.
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