Restating of accounts, several profit dips, several profit warnings, flat profit and some losses here and there means the market has run ahead of itself.
Bulls are still in disbelief as the bull trap tightens. The market is ripe for harvest. Very few bargains are present.
@pesanane - Ai Caramba! I'm shocked by what you've posted about britam audited results. This is madness!! Britam drama is likely to be the 2011 CMC drama. For those that forgot the recent history, 2011 unleashed a swift bear.
This britam saga is just beginning!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!