Shane Oliver Market Quotations

I don't think we will fall as much as Wall Street. Our market will lose 50 points or 1 per cent.

Our market will be largely hostage to what's going on globally this week.

So on this basis, and thanks to very strong earnings growth, the Australian share market is still cheap.

The housing market remains in the doldrums. With the housing market still slowing and households under pressure from high petrol prices, interest rates will remain on hold.

The homes sales data is more important, because if the market continues to slow, that will ultimately take pressure off the U.S. Fed Reserve.