More trouble...

If you don't laugh you're going to cry!

One moment everybody is harping on that Gordon Brown has saved the day and the markets rebound and the next you've got the JSE all share index down 7%... Pretty tough to manage your portfolio when you're getting mood swings like this.

I have been chatting to quite a few senior execs in JSE listed companies in the last few weeks and I get the sense that while they are trying to put on a brave face, many of them see real trouble ahead.

A lot of people are talking dropped local interest rates in 2009 followed up by an economic rebound toward the end of next year. I tend to disagree - there is quite simply too much bad news coming into the market for the to simply shrug it off...

We might have gotten a little excited and bounced strongly on Monday / Tuesday but reality is now setting in...