All Cashed Up and Nowhere To Go
As the XAO limps along to be just about where it was 12 months ago, Australian shares seem quite a boring if safe place to be.
I was actually hoping for a big capitulation by now. This does seem unlikely barring half the Chinese Navy Fleet appearing off Mornington Island some morning.
With the $AUD appearing to be unassailable as a currency it may be too late to bet on dollar denominated assets, as the profit has been made.
Or has it.?
Or am I being too greedy.?
It would be nice to…
