whats up?, page-8

Good response Henrietta

Interest rates falls are being factored in gradually again. Impaired assets will be supported by these interest rate falls in some cases - esp property development, which is one of Suncorps black holes. The Gold Coast ($300m impairments - gulp) could benefit from a lower dollar if resources continue to decline. Look at the total reduction in impaired loans by $229m. That is incredible and will show up in the Full year results as a huge profit increase - when the last half was about $550m approx.

Dollarfast - I think there are probably better shorts out there IMO. Unless you are a superb master of timing.

Sun went up even though the big four went down on Friday. IAG and QBE went down. BOQ went up a tiny bit and BEN rolled into downtrend after a promising first hour.

Does not look like a short to me, although I would have liked to see a higher SP at the close on Friday, you have to allow for the context that they day provided - which was a downtrend day for XFJ stocks overall.

The results and the markets response appear to be in agreement. I like to short - but I like to long too, and this so far looks more like a long to me.