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PLEASE NOTE

This is PAGE TWO of Brett's Portfolio Report and History
and covers the period from 5th August 2008 to 17th November 2008

CLICK HERE to go to PAGE ONE
covering from 8th May 2008 to 4th August 2008

CLICK HERE to go to PAGE THREE
covering from 18th November 2008 onwards

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"Brett's Investments"

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!!! Brett is buying a Home Unit !!!

SOLD Friday 9th May 2008 x Babcock Brown - 1078 shares @ $15.72 = $16946.16 = $16914.26 net Rio Tinto - 600 shares @ $147.15 = $88290.00 = $88182.10 net BHP Billiton - 82 shares @ $46.32 = $3798.24 = $3776.34 net BHP Billiton - 1400 shares @ $46.35 = $64890.00 = $64810.18 net

SOLD Monday 12th May 2008 x Worley Parsons - 500 shares @ $40.23 = $20115.00 = $20083.10 net Newcrest Mining - 676 shares @ $31.06 = $20996.56 = $20964.66 net CSL Limited - 200 shares @ $40.24 = $8048.00 = $8026.10 net Transfield Services - 1000 shares @ $13.00 = $13000.00 = $12968.10

x
More details on these Sales
x

Babcock and Brown 1078 shares Purchase cost = $28746.90 Sale as above = $16914.26 net Proceeds = down by $11832.64 Decrease of 41.16%	Rio Tinto 600 shares Purchase cost = $13762.00 Sale as above = $88182.10 net Proceeds = up by $74420.10 Increase of 540.77%	BHP Billiton 82 shares Purchase cost = $2874.10 Sale as above = $3776.34 net Proceeds = up by $902.24 Increase of 31.39%	BHP Billiton 1400 shares Purchase cost = $13856.00 Sale as above = $64810.18 net Proceeds = up by $50954.18 Increase of 367.74%
Worley Parsons 500 shares Purchase cost = $6240.00 Sale as above = $20083.10 net Proceeds = up by $13843.10 Increase of 221.84%	Newcrest Mining 676 shares Purchase cost = $17968.08 Sale as above = $20964.66 net Proceeds = up by $2996.58 Increase of 16.68%	CSL Limited 200 shares Purchase cost = $6848.00 Sale as above = $8026.10 net Proceeds = up by $1178.10 Increase of 17.20%	Transfield Services 1000 shares Purchase cost = $8120.00 Sale as above = $12968.10 net Proceeds = up by $4848.10 Increase of 59.71%

x
Total received from these eight sales was $236083.96 less brokerage fees of $359.12
Net total was $235724.84
x
For information - the purchase cost of all the above shares was $98415.08
The net total from the sales was $235724.84 and this is an increase of $137309.76 or +139.52%
x

SOLD Wednesday 11th June 2008 x Newcrest Mining - 550 shares @ $28.99 = $15944.50 = $15912.60 net

x
More details on this Sale
x

Newcrest Mining 550 shares Purchase cost = $14619.00 Sale as above = $15912.60 net Proceeds = up by $1293.60 Increase of 8.85%

Total received from this sale was $15944.50 less brokerage fees of $31.90
Net total was $15912.60
x
For information - the purchase cost of the above shares was $14619.00
The net total from the sale was $15912.60 and this is an increase of $1293.60 or +8.85%

SOLD Wednesday 18th June 2008 x Transfield Services - 1000 shares @ $8.12 = $8120.00 = $8098.10 net

SOLD Friday 20th June 2008 x Worley Parsons - 500 shares @ $38.44 = $19220.00 = $19188.10 net CSL Limited - 1500 shares @ $39.51 = $59265.00 = $59191.93 net

x
More details on these Sales
x

Transfield Services 1000 shares Purchase cost = $8120.00 Sale as above = $8098.10 net Proceeds = down by $21.90 Decrease of 0.27%

Worley Parsons 500 shares Purchase cost = $6240.00 Sale as above = $19188.10 net Proceeds = up by $12948.10 Increase of 207.50%

CSL Limited 1500 shares Purchase cost = $51360.00 Sale as above = $59191.93 net Proceeds = up by $7831.93 Increase of 15.25%

x
Total received from these three sales was $86605.00 less brokerage fees of $126.87
Net total was $86478.13
x
For information - the purchase cost of all the above shares was $65720
The net total from the sales was $86478.13 and this is an increase of $20758.13 or +31.59%

SUMMARY OF THE ABOVE SALES
Friday 9th May to Friday 20th June 2008

Purchase cost of the shares = 178754.08
Net total received = 338115.57
An increase of $159361.49
+89.15%

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"The Prices When Brett Sold"

BHP	82 shares @ $46.32 1400 shares @ $46.35	$46.35
BNB	1078 shares @ $15.72	$15.72
CSL	200 shares @ $40.24 1500 shares @ $39.51	$39.60
NCM	676 shares @ $31.06 550 shares @ $28.99	$30.13
RIO	600 shares @ $147.15	$147.15
TSE	1000 shares @ $13.00 1000 shares @ $8.12	$10.56
WOR	500 shares @ $40.23 500 shares @ $38.44	$39.34

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"What Would Have Happened"

------------------------------------------------------

PORTFOLIO VALUE
on Thursday 8th May 2008
$341046

What the portfolio would have been on ......
x
x
Tuesday 5th August 2008
$263680 = down by $77366 since Thursday 8th May
This would have been the lowest total since before 5th November 2007 !!
NOTE - back on the 22nd January 2008 this portfolio was valued at $273964, and this was the
lowest total since I started recording individual daily totals on the 5th November 2007
Today's total of $263680 is ten-grand lower than that figure !!!
START $341046 ... TODAY $263680 ... DOWN $77366 = 22.68% FALL
Aussie stocks lower after resources fall
Australia's share market closed lower after heavy losses from the resources sector amid sharply weaker commodity prices overnight
and a poor lead from Wall Street
The market got off to a poor start after a weak lead from Wall Street overnight, with the Dow Jones industrial average falling 42.17
points, or 0.37 per cent to close at 11,284.15
At the close, the benchmark S&P/ASX200 index was 67.3 points, or 1.38 per cent, lower at 4820.4, while the broader All Ordinaries
shed 75.6 points, or 1.52 per cent to 4882
"A bad day for the resources sector was partially offset by a very good day in the banks" Aequs Securities dealer Ric Klusman said
"All commodities were down three or four per cent across the board last night - oil fell $US3.58, gold was down $US8.90 an ounce
and copper was down four per cent"
BHP Billiton dropped $2.53, or 6.6 per cent to $35.82 and rival Rio Tinto shed $7.31, or 6.19 per cent to $110.79
The price of gold was lower and was trading at $US887.60 an ounce, down $US25.85 on Monday's local close of $US913.45 an ounce
Gold miners were weaker, with Newcrest losing $3.42 to $26.31, Lihir falling 28 cents to $2.42 and Newmont down 18 cents to $4.92
The board of the Reserve Bank of Australia on Tuesday left official rates unchanged at 7.25 per cent

DATE	PORTFOLIO VALUE	DAILY "+" or "-"	DIFFERENCE SINCE 8th MAY 2008	COMMENTS
06 - 08 - 2008	$270150	+$6470	-$70896
07 - 08 - 2008	$271930	+$1780	-$69116	x
08 - 08 - 2008	$275117	+$3187	-$65929
11 - 08 - 2008	$272063	-$3054	-$68983
12 - 08 - 2008	$275587	+$3524	-$65459
13 - 08 - 2008	$272469	-$3118	-$68577
14 - 08 - 2008	$278100	+$5631	-$62946
15 - 08 - 2008	$273545	-$4555	-$67501
18 - 08 - 2008	$275142	+$1597	-$65904
19 - 08 - 2008	$267565	-$7577	-$73481
20 - 08 - 2008	$276708	+$9143	-$64338	BNB shares are currently in a trading halt and they last traded at $3.45 each - on the 9th May 2008, Brett sold his holding at $15.72 each having bought at $26.70 per share
21 - 08 - 2008	$273783	-$2925	-$67263	ANZ share price is now $15.59, having reached a low of $15.53 - for the details, refer to the 28th and 29th July 2008 above and 21st August and 18th and 19th September below BNB dropped again, by $1.23, and ended today at just $2.22 per share - also refer to the notes on the 11th, 12th, 15th, 16th, 17th, 18th, 19th, 22nd, 24th, 25th, 26th and 29th September below
22 - 08 - 2008	$282119	+$8336	-$58927	TOTAL - highest since 31st July 2008
25 - 08 - 2008	$285343	+$3224	-$55703	TOTAL - highest since 14th July 2008
26 - 08 - 2008	$287463	+$2120	-$53583	TOTAL - highest since 11th July 2008
27 - 08 - 2008	$289130	+$1667	-$51916	TOTAL - highest since 2nd July 2008

Thursday 28th August 2008
$294325 = down by $46721 since Thursday 8th May
NOTE #01 - this is the highest total since Wednesday 2nd July 2008
NOTE #02 - this is the fifth straight 'positive day' for this portfolio
NOTE #03 - the total has increased by $26759 over the last seven trading days


Friday 29th August 2008
$297866 = down by $43180 since Thursday 8th May
NOTE #01 - this is the highest total since Wednesday 2nd July 2008
NOTE #02 - this is the sixth straight 'positive day' for this portfolio
NOTE #03 - the total has increased by $30300 over the last eight trading days

DATE	PORTFOLIO VALUE	DAILY "+" or "-"	DIFFERENCE SINCE 8th MAY 2008	COMMENTS
01 - 09 - 2008	$294954	-$2912	-$46092	x
02 - 09 - 2008	$288107	-$6847	-$52939

Wednesday 3rd September 2008
$277241 = down by $63805 since Thursday 8th May
NOTE #01 - this is the lowest total since Thursday 21st August 2008
NOTE #02 - the total has decreased by $20625 over the last three trading days


Thursday 4th September 2008
$269908 = down by $71138 since Thursday 8th May
NOTE #01 - this is the lowest total since Tuesday 19th August 2008
NOTE #02 - the total has decreased by $27958 over the last four trading days


Friday 5th September 2008
$266447 = down by $74599 since Thursday 8th May
NOTE #01 - this is the lowest total since Tuesday 5th August 2008
NOTE #02 - the total has decreased by $31419 over the last five trading days


Monday 8th September 2008
$270332 = down by $70714 since Thursday 8th May


Tuesday 9th September 2008
$263228 = down by $77818 since Thursday 8th May
Refer to notes on Tuesday 5th August 2008 above


Wednesday 10th September 2008
$256994 = down by $84052 since Thursday 8th May
Refer to notes on Tuesday 5th August 2008 above
NOTE #01 - the total has decreased by $40872 over the last eight trading days


Thursday 11th September 2008
$251926 = down by $89120 since Thursday 8th May
Refer to notes on Tuesday 5th August 2008 above
NOTE #01 - the total has decreased by $45940 over the last nine trading days
NOTE #02 - today's price for BNB is just $2.00, and this is the lowest ever!!
Refer to the notes on the 20th and 21st August above
and 12th, 15th, 16th, 17th, 18th, 19th, 22nd, 24th, 25th, 26th and 29th September below

DATE	PORTFOLIO VALUE	DAILY "+" or "-"	DIFFERENCE SINCE 8th MAY 2008	COMMENTS
12 - 09 - 2008	$258339	+$6413	-$82707	BNB dropped again, by $0.10, and ended today at just $1.90 per share - on the 9th May 2008, Brett sold his holding at $15.72 each having bought at $26.70 per share
15 - 09 - 2008	$259456	+$1117	-$81590	BNB finished the day at $1.58 per share!!
16 - 09 - 2008	$258434	-$1022	-$82612	BNB lost $0.53 today and finished at just $1.05 per share!!
17 - 09 - 2008	$256124	-$2310	-$84922	BNB dropped another $0.13 today and finished at $0.92 per share!! - when Brett sold his holding on the 9th May 2008 he received $16946.16 but if he sold today his total would have been just $991.76, a difference of almost sixteen thousand dollars!!
18 - 09 - 2008	$253671	-$2453	-$87375	BNB is still going down - lost another $0.16 to finish the day at $0.76 per share!! ANZ finished today at a low of $15.45 per share!! - refer to notes on 28th and 29th July and 21st August above and 19th September below
19 - 09 - 2008	$256840	+$3169	-$84206	BNB gained a little bit today and is now at $0.795 per share!! ANZ is now back on Brett's Portfolio!! - he bought more stock today!! CLICK HERE for all the details
22 - 09 - 2008	$270184	+$13344	-$70862	BNB jumped up by $0.435 (54.72%) today and finished at $1.23 per share!! TOTAL - has increased by $16513 over the past two working days!! TOTAL - highest since 8th September 2008
23 - 09 - 2008	$267398	-$2786	-$73648
24 - 09 - 2008	$266760	-$638	-$74286	BNB up by $0.47 (38.21%) today and finished at $1.70 per share!!
25 - 09 - 2008	N/A			BNB is still climbing and today it is up by $0.67 (39.41%) to finish at $2.37 per share!!
26 - 09 - 2008	$266544			BNB finished the week at $2.31 per share - the price is up by $1.55 over the past six trading days which equals +204%!!
29 - 09 - 2008	$259354	-$7190	-$81692	BNB added another $0.04 today and is at $2.35 per share!!

Tuesday 30th September 2008
$241503 = down by $99543 since Thursday 8th May
Refer to notes on Tuesday 5th August 2008 above
NOTE #01 - the total has decreased by $25041 over the last two trading days
Aussie stocks down as US rejects bailout
The Australian stock market closed down 4.3 per cent, losing about $55 billion in value, as investors fled most sectors after the US
Congress voted down a $US700 billion ($A879.78 billion) bailout package for US financial firms
Stock markets in the region fell sharply after US lawmakers unexpectedly rejected a $US700 billion ($860 billion) bailout plan for the
financial markets
The US House of Representatives voted down the package overnight, sending Wall Street into a panic and driving the Dow Jones
Industrial Average down a record 777.68 points - or 6.98% - wiping approximately $US1.2 trillion off the market value
Although it's the first-ever trillion-dollar one-day loss, it does not make the top 10 greatest percentage losses
On "Black Monday", October 19 1987, the Dow dropped by 22.61%
But the decline here was not as bad as expected, with the major indices recovering some early losses after the Federal Government
reassured Australians the nation could weather the financial storm in the US
Heightened expectations that the Australian central bank could to cut official interest rates by half a percentage point next week to
support the economy also prevented the market from mirroring a near seven per cent decline in the US market overnight
The benchmark S&P/ASX200 closed 206.9 points, or 4.3 per cent lower at 4,600.5, while the broader All Ordinaries fell 207.9 points,
or 4.3 per cent, to 4,631.3
It is the biggest one-day fall since January 22 this year, when the S&P/ASX200 index lost 7.05 per cent and the All Ordinaries fell
7.26 per cent
CommSec chief equities economist Craig James said the Australian market, as with others in Asia, had held up pretty well
"We're seeing some big declines in our banks but nowhere near that seen for financial stocks around the world" Mr James said
"Our banks are much more solid"
All of the major banks closed weaker
Westpac was down 7.21 per cent, or $1.67, to $21.48, its takeover target St George Bank had nosedived $2.10, or 6.84 per cent, to
$28.60, National Aust Bank had shed $1.43, or 5.57 per cent, to $24.26 and ANZ was relatively unscathed, down four cents to $18.75
The nation's largest lender, Commonwealth Bank, was down $1.25, or 2.85 per cent at $42.62
Mining giant BHP Billiton had dropped $3.24, or a massive 9.46 per cent, to $31.00, while its takeover target Rio Tinto had lost $11.00,
or 11.52 per cent, to $84.50
The spot gold was trading in Sydney at $US904.60 an ounce, up $US31.20 on Monday's close of $US873.40
Local gold stocks were mixed
Newcrest was down 41 cents, or 1.46 per cent, to $27.63, Newmont had inched two cents lower to $4.90 and Lihir Gold had added
10 cents, or 3.7 per cent, to $2.80
Preliminary market turnover was 1.33 billion shares, valued at $5.9 billion, with 227 stocks up, 963 down and 239 unchanged
*
The fall in the market Tuesday pushed the major indices down to the worst levels since December 2005
The S&P/ASX200 reached its lowest level since December 13, 2005, and the all ords hit its lowest since December 20, 2005
In the US on Monday night, Wall Street endured its worst day one-day points fall since September 11, 2001 after the House of
Representatives Washington policymakers narrowly rejected the $US700 billion bailout package proposed by the US government
ABN Amro Morgans director of equities Bill Chatterton said it was possible the massive bailout could be passed later this week, with
a Jewish holiday in the US on Tuesday giving the US House of Representatives time to contemplate the ramifications of again shooting
down the rescue plan
*
The S&P/ASX 200 Index closed 206.9 points, or 4.3%, lower at 4600.5, its lowest finish in nearly three years
At the opening, the index dropped by as much as 5.6%, wiping more than $60 billion in value off the market
Today's losses mean the benchmark index has shed 10.4% this month, its highest monthly drop since January when it fell 10.9%
The index also finished the quarter deep in the red, with a drop of 11.8%, extending its stretch of loss-making quarters to four

DATE	PORTFOLIO VALUE	DAILY "+" or "-"	DIFFERENCE SINCE 8th MAY 2008	COMMENTS
01 - 10 - 2008	$255065	+$13562	-$85981	x
02 - 10 - 2008	$251742	-$3323	-$89304	x
03 - 10 - 2008	$246746	-$4996	-$94300	x

Monday 6th October 2008
$233068 = down by $107978 since Thursday 8th May
Refer to notes on Tuesday 5th August 2008 above
NOTE #01 - the total has decreased by $21998 over the last three trading days
Australia shares end down 3.3 percent - near three year low
Australian shares dropped 3.3 percent on Monday to a near three-year low, weighed down by mining and bank stocks, as investors
fretted about global growth prospects amid the ongoing credit crunch
The U.S. House of Representatives finally passed a $700 billion financial bailout on Friday, but it failed to lift sentiment on Wall
Street, giving a negative lead for Australian stocks
"Now the focus is off the bailout package and the focus is well and truly on the dire state of the U.S. economy" said Rory Luff,
associate director at hedge fund MM&E Capital
Australia's benchmark S&P/ASX 200 index .AXJO ended down 155 points at 4,540.4, its lowest close since November 2005
while the broader All Ordinaries index had shed 158.1 points, or 3.36 per cent, to 4,544.7
The losses were felt across the board following a weak lead from Wall Street on Friday amid fears that the US government's
financial rescue plan may not unblock credit markets to stave off recession
Among Australia's top commercial banks, National Australia Bank Ltd, with the biggest U.S. exposure, had been the weakest for
most of the day - it ended down 2.3 percent at $25.55
By the end of trade, Australia and New Zealand Banking Group Ltd was the worst off, down 3.5 percent at $18.05
Commonwealth Bank was down $1.01, or 2.24 per cent, to $44.00 and Westpac had dropped 71 cents, or 3.06 per cent, to $22.50
and its takeover target St George Bank had slid 84 cents, or 2.79 per cent, to $29.30
Investment bank Macquarie Group shed 10.5 percent to $35.00
The prospect of weaker metals demand knocked the miners from top to bottom
BHP Billiton retreated 63 cents, or 2.07 per cent, to $29.79 while its takeover target Rio Tinto had fallen $4.43, or 4.98 per cent,
to $84.48, widening the discount on its shares to the value of BHP's hostile takeover offer to 17 percent
Gold stocks were mixed, and spot gold was trading in Sydney at $US831.15 an ounce, down $US9.70 on yesterday's close of
$US840.85 an ounce
AngloGold Ashanti was a rare bright spot on the market, advancing 19 cents, or 3.06 per cent, to $6.39
Newcrest was down $1.15, or 4.17 per cent, at $26.44, Newmont was steady at $4.54 and Papua New Guinea-focused Lihir Gold
had lost 12 cents, or 4.56 per cent, at $2.51
Preliminary market turnover was 643.05 million shares, valued at $2.24 billion, with 208 stocks up, 813 down and 259 unchanged

DATE	PORTFOLIO VALUE	DAILY "+" or "-"	DIFFERENCE SINCE 8th MAY 2008	COMMENTS
07 - 10 - 2008	$235919	+$2851	-$105127	NOTE - the total is still down by over $105000 when compared to the 8th May, the date Brett started selling!!

Wednesday 8th October 2008
$223429 = down by $117617 since Thursday 8th May
Refer to notes on Tuesday 5th August 2008 above
NOTE #01 - the total has decreased by $31637 over the last five trading days

DATE	PORTFOLIO VALUE	DAILY "+" or "-"	DIFFERENCE SINCE 8th MAY 2008	COMMENTS
09 - 10 - 2008	$226688	+$3259	-$114358	NOTE - the total has decreased by $28378 over the last six trading days

Friday 10th October 2008
$210659 = down by $130387 since Thursday 8th May
Refer to notes on Tuesday 5th August 2008 above
NOTE #01 - the total has decreased by $44406 over the last seven trading days

DATE	PORTFOLIO VALUE	DAILY "+" or "-"	DIFFERENCE SINCE 8th MAY 2008	COMMENTS
13 - 10 - 2008	$224037	+$13378	-$117009	x
14 - 10 - 2008	$230005	+$5968	-$111041
15 - 10 - 2008	$221530	-$8475	-$119516	x

Thursday 16th October 2008
$201122 = down by $139924 since Thursday 8th May
Refer to notes on Tuesday 5th August 2008 above
NOTE #01 - the total has decreased by $28883 over the last two trading days
Australian stocks plunge nearly 7%
The Australian share market fell nearly seven per cent on Thursday as investors feared the troubled US economy and global credit
crisis would drag the world into recession
Despair over the US economy sent Wall Street plunging again overnight, propelling the Dow Jones Industrial Average down 7.9 per
cent to 8,577.91 points - its second-largest points loss ever
Stocks fell on disheartening economic data, including a big drop in retail sales and a Federal Reserve report that said tight credit
conditions are hurting businesses across the US
US Federal Reserve chairman Ben Bernanke warned that patching up the credit markets will not provide an instantaneous jolt to the
economy
Here, resources stocks were pulverised on the back of lower commodity prices and an expectation that demand for commodities would
fall further
At the close, the benchmark S&P/ASX200 index was down 286.6 points, or 6.67 per cent, at 4,013.4, while the broader All Ordinaries
index fell 284.4 points, or 6.66 per cent, to 3988.1
These falls, the biggest since Friday, wiped about $86 billion in value from the market
CMC Markets head of trading James Foulsham said Thursday's trading was "another shocker across the board"
"It's fear of global recession and commodity prices as well," he said "Most notable was BHP Billiton and Rio Tinto
Rio's been smashed, BHP's been smashed - we saw a sell-off of commodities last night, and that's really spooked the market here"
Mr Foulsham said that after the strong rises in the market earlier this week, investors had come back to earth with a thud
Investors were concerned a slowdown in the US economy would impact the economy of China, which has large exports to the US
In the resources sector, Rio Tinto had a horror run, diving $12.49, or 16%, to close at its low for the day of $66.01 on reports that
China's state-owned Chinalco may have to dump its stake in the miner because of troubles linked to the collapse of US investment
bank Lehman Brothers - BHP Billiton also sank $3.90, or 13%, to $25.80
In the bank sector, National Australia Bank dumped $1.02 to $22.70 as it said it expects full-year cash earnings to be around $3.9 billion
Westpac weakened 70 cents to $22.00, Commonwealth Bank retreated $1.35 to $42.40, and ANZ Bank surrendered 87 cents to $17.33
In the gold sector, Lihir Gold was down 17 cents at $2.08, Newcrest lost 77 cents at $24.24, and Newmont reversed nine cents to $4.52
The price of gold in Sydney was $US840.95 per fine ounce, down $US4.50 on Wednesday's close of $US845.45


Friday 17th October 2008
$191114 = down by $149932 since Thursday 8th May
and this is a 43.96% fall in the value of this portfolio !!
Refer to notes on Tuesday 5th August 2008 above
NOTE #01 - the total has decreased by $38891 over the last three trading days

DATE	PORTFOLIO VALUE	DAILY "+" or "-"	DIFFERENCE SINCE 8th MAY 2008	COMMENTS
20 - 10 - 2008	$197880	+$6766	-$143166
21 - 10 - 2008	$208365	+$10485	-$132681	NOTE - the total has increased by $17251 over the last two trading days
22 - 10 - 2008	$202282	-$6083	-$138764

Thursday 23rd October 2008
$182706 = down by $158340 since Thursday 8th May
and this is a 46.43% fall in the value of this portfolio !!
Refer to notes on Tuesday 5th August 2008 above
NOTE #01 - the total has decreased by $25659 over the last two trading days
Stocks close sharply lower
Australian stocks closed lower for the second consecutive day, falling by over four per cent
The market was dragged down by big losses in the resources sector amid renewed fears of a global economic slowdown
In the US overnight, Wall Street tumbled about five per cent on fears of further weakening in the global economy
The Dow Jones Industrial Average dropped 514.45 points, or 5.69 per cent, to 8,519.21 and the tech-heavy Nasdaq composite slid
80.93 points, or 4.77 per cent, to 1,615.75
The broad Standard & Poor's 500 index tumbled 58.27 points, or 6.2 per cent, to 896.78
In Australia, the benchmark S&P/ASX200 was down 181.7 points, or 4.37 per cent, at 3974.4, while the broader All Ordinaries lost
180.8 points, or 4.39 per cent, to 3939.3
Rio Tinto recorded one of the biggest losses of the day, wiping off its gains from Wednesday by dropping $11.45, or 14.6 per cent,
to $66.95, and rival BHP Billiton was also down, losing $2.55, or 9.36 per cent, to 24.70
ABN Amro Morgans director of equities Bill Chatterton said lower base metal prices affected all companies in the resources sector,
while Rio fared particularly poorly on the back of further speculation about BHP's takeover bid
European Union regulators have reportedly told BHP Billiton its $US69 billion ($A102.5 billion) proposed takeover of Rio may breach
competition law, according to a wire service report
"I think in these environments the likelihood of a merger between those two, barring any blocking from various regulatory authorities,
probably improves" Mr Chatterton said
"With a rumour like that, and it might be just that, a complete rumour, people respond to it, particularly in a fear market which we are
living through at the moment"
Gold miners were also hit hard and spot gold was trading in Sydney at $US725.00 an ounce, down $US37.70 on Wednesday's close
of $US762.70
Newcrest Mining dropped $3.43, or 16.78 per cent, to $17.01, after delivering a 8.5 per cent rise in gold output during the first quarter
of the financial year and maintained its production guidance for 2008/09
Newmont Mining lost 47 cents, or 11.14 per cent, to $3.75, and Lihir Gold fell 26.5 cents, or 14.68 per cent, to $1.54
ANZ Bank reported on Thursday its first annual profit fall in 10 years, posting net profit for the year ended September 30 of $3.319
billion, down 21 per cent from fiscal 2007 and its shares dropped 99 cents, or 5.21 per cent, to $18.01
Commonwealth Bank of Australia fell 49 cents to $41.40, Westpac Banking Corporation lost 57 cents $21.48, and its takeover target
St George Bank fell $1.60, or 5.41 per cent, to $28.00
The most traded stock by volume was diversified miner OZ Minerals, with 43.28 million units changing hands worth $42.31 million
Its stock finished down 13.5 cents, or 12.39 per cent, at 95.5 cents


Friday 24th October 2008
$180767 = down by $160279 since Thursday 8th May
and this is a 47.00% fall in the value of this portfolio !!
Refer to notes on Tuesday 5th August 2008 above
NOTE #01 - the total has decreased by $27598 over the last three trading days
S&P/ASX200 - Twelve Month Chart

Banking and resource stocks impact market
The Australian share market shrugged off a stronger Wall Street to wipe $30 billion from its value to close at its lowest level in
almost four years
The market opened more than one per cent higher after a volatile session on Wall Street, with the Dow Jones Industrial Average putting
on 172.04 points, or 2.02 per cent, to close at 8,691.25, following swings in both directions
Falls from banking and resource stocks drove the local bourse lower for the third consecutive day
At the close, the benchmark S&P/ASX200 index lost 105 points, or 2.64 per cent, to 3869.4 - its lowest level since 23 November 2004
The broader All Ordinaries dropped 107.7 points, or 2.73 per cent, to 3831.6 - its weakest close since 2 November 2004
CMC Markets senior dealer Dominic Vaughan said traders continued to reduce positions in the resource sector and some financial stocks
were caught in the lights of the government bank deposit guarantee
"There's not a lot of good news leading into the weekend as financial stocks unwound hard-fought gains and resource stocks crumbled
under the pressure of falling commodity prices" Mr Vaughan said
"There seems to be unwillingness among traders and investors to go home long and we saw some heavy falls in the likes of AXA and
Perpetual"
BHP Billiton dropped 32 cents, or 1.3 per cent, to $24.38 while rival Rio Tinto shed $2.85, or 4.26 per cent, to $64.10
The banking sector was weaker, with ANZ Bank falling 46 cents to $17.55, National Australia Bank losing 80 cents to $24.70,
Commonwealth Bank shedding 56 cents to $40.84 and Westpac dropping 82 cents to $20.66
The price of gold was weaker and was trading at $US706.95 an ounce, down $21.80 on Thursday's local close of $US728.75 an ounce
The gold miners were mixed, with Newcrest picking up 44 cents to $17.45, Lihir Gold losing one cent to $1.53
and Newmont retreating 23 cents to $3.52


Monday 27th October 2008
$180750 = down by $160296 since Thursday 8th May
and this is a 47.00% fall in the value of this portfolio !!
Refer to notes on Tuesday 5th August 2008 above
NOTE #01 - the total has decreased by $27615 over the last four trading days
Aussie stocks close at four-year low
The Australian share market has closed at a fresh four-year low after falling just over one and a half per cent on renewed global
recession fears
At the close, the benchmark S&P/ASX200 index was down 60.2 points, or 1.56 per cent, at 3,809.2, while the broader All Ordinaries
index had lost 63.3 points, or 1.65 per cent, at 3,768.3
The S&P/ASX200 on Monday closed at its lowest since November 2, 2004
The All Ords closed at its lowest since October 27, 2004
ABN Amro Morgans director of equities Bill Chatterton said it had been a volatile day again on the local share market
"It has been up and down all day basically" he said
Mr Chatterton said the falls were not as bad as expected, given the significant decline on Wall Street on Friday
"Considering the Dow was much more volatile, down over three per cent, it's not so bad in a relative sense"
In New York on Friday, the Dow Jones Industrial Average slumped 312.30 points, or 3.59 per cent, to 8,378.95, in a volatile session
that had the blue-chip index down as much as 500 points on Friday
Mr Chatterton said the big miners, such as BHP Billiton and Rio Tinto, performed well on Monday
"That is a little bit encouraging, I think there is tremendous value there"
BHP Billiton gained 22 cents, or 0.9 per cent, to $24.60, while Rio Tinto found 55 cents, or 0.86 per cent, to $64.65
The banking sector closed weaker
ANZ Bank shares were down 55 cents, or 3.13 per cent, to $17.00, National Australia Bank dropped 78 cents, or 3.16 per cent,
to $23.92 and Commonwealth Bank shed 82 cents to $40.02
Westpac slipped 67 cents lower, or 3.24 per cent, to $19.99 while its takeover target St George Bank fell 32 cents to $26.39
Safe haven gold stocks were higher
Spot gold was trading in Sydney at $US726.20 an ounce, up $US16.26 on Friday's close of $US709.95
Among local gold stocks, Newcrest Mining gained 45 cents, or 2.58 per cent, to $17.90, Newmont Mining added 26 cents,
or 7.39 per cent, to $3.78 and Lihir Gold rose four cents, or 2.61 per cent, to $1.57
NOTE
CommSec chief equities economist Craig James said the 44 per cent fall in Australian shares since the November 1 peak
(the equivalent of 254 trading days) was less than the falls in 1974 and 1987
Between January 1973 and October 1974 (426 trading days), the market fell 59 per cent,
and between September 1987 and February 1988 (103 trading days), it fell 49 per cent, he said

DATE	PORTFOLIO VALUE	DAILY "+" or "-"	DIFFERENCE SINCE 8th MAY 2008	COMMENTS
28 - 10 - 2008	$181271	+$521	-$159775
29 - 10 - 2008	$188110	+$6839	-$152936
30 - 10 - 2008	$197316	+$9206	-$143730	x
31 - 10 - 2008	$199897	+$2581	-$141149	x
03 - 11 - 2008	$209973	+$10076	-$131073	NOTE #01 - the total has increased by $29223 over the last five trading days NOTE #02 - #209973 is the highest total since 15th October 2008
04 - 11 - 2008	$209684	-$289	-$131362
05 - 11 - 2008	$219633	+$9949	-$121413	NOTE #01 - the total has increased by $38883 over the last seven trading days NOTE #02 - #219633 is the highest total since 15th October 2008
06 - 11 - 2008	$206968	-$12665	-$134078
07 - 11 - 2008	$197319	-$9649	-$143727	NOTE #01 - the total has decreased by $22314 over the last two trading days
10 - 11 - 2008	$206239	+$8920	-$134807
11 - 11 - 2008	$199033	-$7206	-$142013
12 - 11 - 2008	$197056	-$1977	-$143990
13 - 11 - 2008	$185589	-$11467	-$155457	NOTE #01 - the total has decreased by $20650 over the last three trading days NOTE #02 - #185589 is the lowest total since 28th October 2008 NOTE #03 - TSE - in a trading halt and the last trade was made at $3.50 per share and Brett sold his 2000 shares at an average price of $10.56 per share!!!
14 - 11 - 2008	$193053	+$7464	-$147993	NOTE #01 - TSE - shares are still in a trading halt as above
17 - 11 - 2008	$189948	-$3105	-$151098	NOTE #01 - TSE - shares are still in a trading halt as above NOTE #02 - BNB - Brett sold his shares on the 9th May 2008 for $15.72 each - today they finished trading at just $0.41 per share!!!

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PLEASE NOTE

This is PAGE TWO of Brett's Portfolio Report and History
and covers the period from 5th August 2008 to 17th November 2008

CLICK HERE to go to PAGE ONE
covering from 8th May 2008 to 4th August 2008

CLICK HERE to go to PAGE THREE
covering from 18th November 2008 onwards

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