CUK (Classic of the Unbelievable Kind)

Here's an update on CUKs.

I mentioned earlier tonight that one reason given for the fall of BHP and Rio today was because there was "no lead" from the London Metal Exchange.

This was a CUK.

Now, tonight. On the ABC, the reason for the fall in the big miners - the Queensland Floods.

Yep - there you have it folks. Don't believe Comsec. Believe the ABC. It was the Queensland Floods.

These huge multinational companies with operations in every continent in the world, and many countries you haven't even heard of, dropped over 1% today because of the Queensland Floods.

Another CUK.

Good luck

Red