Normal
Is the low in?My very basic understanding in this area makes it think it is for the medium term.ASX heavily weighted to the resource industry and the banks. Commodities appear to be finding support and the "housing bubble" seems like it may never pop.A few big IF's, but appears the falls in commodities are priced in and there is little downward pressure on the banks. Until something changes like a new credit squeeze the low is in......maybe.Looking at a chart I get a very different feeling
Is the low in?
My very basic understanding in this area makes it think it is for the medium term.
ASX heavily weighted to the resource industry and the banks. Commodities appear to be finding support and the "housing bubble" seems like it may never pop.
A few big IF's, but appears the falls in commodities are priced in and there is little downward pressure on the banks. Until something changes like a new credit squeeze the low is in......maybe.
Looking at a chart I get a very different feeling
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