The predictions from a few days ago by Economist Harry Dent says that Perth may suprise.
His predictions for the ASX were initially very accurate, as the Stock Market dropped by 39%, and so was two thirds of the way towards his predicted drop of 60%. That said though, the ASX is only rallyimg of the back of the $2 Trillion money printing in the U.S.A, and is disregarding the fact that most of the ASX companies that are have seen gains are currently closed, and NOT trading !!. So how long can this state of affairs last before the second crash (like the Titanic sinking) occurs ?. Virgin may be the start of the "second wave" unless one of the PE companies saves them.