What did the Correction correct, The Australian difference, US Midterms BHP, Facebook, and more

The US market dropped last night, for reasons Alan Kohler explains, and Alan also looks back at what the correction corrected. Complacency, for one thing, at least for a while, and valuations, but not quite enough to make equities cheap.

But a bear market usually requires a recession, so Alan has explored the chance of that, in depth. When Alan look at Australia he sees some worrying differences, to do with property and leverage.

Alan has also touched on the US Midterms, which should provide some relief because they probably won’t matter much, unlike everything else, plus BHP’s cash splash, and the new fashion of big companies trying to shrink to greatness.

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