Not a dooms dayer but I am alarmed in the rate of falls right across the commodities markets, not just mining but soft commodities to. This is still to feed back fully into the local economy.
I wont be surprised if we will see some of the bigger retail company's pop, clearly they have geared their rapid expansions of big new shop heavily.
Again to state the obvious the size of the credit contraction globally is on a massive scale anything can happen and the risk bias is to the down side.
Valid comments however the degree of stimulus provided worldwide, the level of committment to combat this fall worldwide and the low rates are yet to see their benefits kick in and may take most by surprise.