Dow Jones

DJ Index is down... a lot this AM, by more than 158 points. The US market is not closed yet at the time of writing. But what I like is the AUD is up a little in value relative to the USD but the price of gold and oil have gone up by a lot more. A lot of my resource stocks are energy and gold. Kitco shows that copper price is still great, tin is near its peak (I have 2 tin stocks) and the price of uranium is still going up. SPI is down but these will affect the top 50 more than my commodity stocks. The focus of Aussie trade is now the Far East and India so we won't be as badly affected by events in the Middle East.

The Arab world is in turmoil but that is nothing new. There is fear of rising Islamic fundamentalism but even the religious sector is caught out by the sudden widespread unrest against ruthless ineffectual governments. In the longer term, getting rid of outdated dictators/strongmen cannot be bad for any society. These people are rarely benevolent.