Is the nadir yet to come in our feverish bourse? The AllOrds has caught a severe case of pneumonia from the ailing US economy - yet we think a large part of this malaise may be due to perception rather than reality, apart from our banks who stupidly spread their assets into US home loan Ponzi schemes.
The demands on our minerals and other resources by China and India may keep us from too much pain as the Dow Jones slides into a coma, and perhaps our perceptions haven’t caught up yet with reality. Meanwhile the swarming sharks gobble our treasure at bargain basement prices. We hope Australians see the opportunities also, otherwise the farm will end up just about totally overseas owned at the rate it’s going.
Of interest, we see that alternative energy stocks are doing quite well despite the plunge - CXY and COZ may well do superbly with the inevitable recovery. Novera on the AIM market has just had a takeover offer for twice what we paid for it - this company reclaims methane from landfills in Europe. BPO has slid just 1 cent since our last purchase and the future looks rosy with proposed production of organic termicide Termilone to begin in 2010.
As we are counter-cyclical by nature, we reckon 2009 is the time to buy, buy, buy - wisely, with a view to the sort of world which may emerge after the current depression subsides.
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