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The market


Intersting to read Alan Kohler's weekend email newsletter.  He now says that (based on the Fitch ratings) Europe is a mess and probably will not recover.
Alan says go to cash!  He says he will sell everything today (Monday).

Equities v's Fixed Interest


Have just read Marcus Padley's article in today's SMH.
Vintage Padley!
Why don't people understand this stuff??  Read the article here.