Ok it is the nadir of the Bear. Sub prime has morphed into a 'global recession' despite Helicopters reassurances a year a go that it was 'contained'. Iceland has gone broke, Argentina is on it's way and our beloved Aussie is on the downward leg of the 'Big Dipper'.
Chinindia - recoupled.
Yanks - scr*wed.
Equities - hail Mary.
Property - card boxes.
Job - ha you would be lucky to be a sheep rustler in the forthcoming maelstrom.
So what do we do now we are in the 'eye of the storm'. Well in the best of Aussie traditions, lets have some gallows humour . So pst 'em here because I need a dark chuckle.
Here is my contribution. More to follow:
If you had purchased $1000.00 of Nortel stock one year ago, it would now be
With Enron, you would have had $16.50 left of the original $1000.00.
With WorldCom, you would have had less than $5.00 left.
If you had purchased $1000 of Delta Air Lines stock you would have $49.00
But, if you had purchased $1,000.00 worth of beer/wine one year ago, drank
all the beer/wine, then turned in the cans/bottles for the recycling REFUND
in S.A, you would have had $214.00.
Based on the above, the best current investment advice is to Drink heavily