Morning Houston.

Looks like we'll need to make an emergency decent to about Five-One-One-Zero and see if we can remain in orbit there.


* DOW down about 1.3% last night and oil at new inflation adjusted high. An indicative fall in the Australian Market today of 60-70 points will give us a new low below the January fall and put us back to mid 2006 levels. Another interesting point is that at new lows we will probably see more Margin Loan exposure and with the rapid rise in Margin Loans over the last few years this must be an increasing factor in market variations. Another interesting few days coming up......