Dithering RBA whacks Australian dollar

After today’s longest RBA minutes in living memory, the Australian dollar fell away. Who can say if it was the obvious fact that they’re going to have to cut rates or it was just the market’s vote of disgust at a dithering fool:

Bonds are bid:

And stocks:

Big Iron is just loving China’s swiftly developing war on Australia:

Though BLK is waking up to what it means:

Big Gas hasn’t priced Labor at all:

Big Gold is still strong:

Big Banks are up again as profit growth is consigned to history:

Big Realty is firming too as an historic housing crash bears down:

Aaaand…the market can stay irrational for longer than…etc…