Dalian is stable so far today:
Big Iron is rallying as CS tells all that iron ore is going back to $70. My answer is who cares? If it does it will only add to port stocks and crash the price even lower shortly afterwards:
Big Gas is down despite oil:
Big Gold too:
Big Debt is getting creamed again. I mean, what’s a bubble-exposed, semi-nationalised, ex-growth, bank worth? Less that 15x times that’s for sure.
Most utilities trade on 7-10x earnings…
Finally today, Big Liar is still plodding with the odious FXJ flaming out:
Seriously, if you’re interested in investing beyond Australia’s sclerotic shores where banks lend to businesses that grow then the MB Fund is for you. It launches in under a month so register your interest today (if you have not already):