Yes Orwell . If ever there was a market destined to confuse and throw up conflicting signals both technically and fundamentally this is it . The scenario depicted on your chart is actually what we want to see for an extended period where stock pickers get great opportunities . If it started going up again right about now I think I'd just about be ready to get into ditch mode , a little more pain is warranted.
Obviously any hesitancy in our property market is going to affect the banks which had been priced for a never ending housing boom
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