Spot on 404 titan
Though the AU$ is up due to interest rates being higher than elsewhere in the globe, and a, still, tanking US$, amongst others, and is not really reflecting any bears.
We have many years of this ahead. In the US alone, the housing market is still diving, unemployment is rising at it's highest rate since the 70's, and whole industries are folding. This is a market that is the size of Japan, Germany, China and the UK combined. And three of those economies are hugely weighted against the US market.
Australia has had a few lucky straws that have helped delay the inevitable.
You haven't seen anything yet.
halas