But what now?
Let W&D give you the whisper. Well, three whispers:
1. This is not the GFC - major financial institutions are not at risk, not even Deutsche Bank, the current bank-in-the-gunsight.
2. W&D cannot see Australia going into recession. Growth ain't crisp - but it's moving along enough to gently lower the unemployment rate.
3. It's too late to sell. Had you been a typical share-market investor (mostly in banks, Telstra, etc, you know: all those safe, big-yielding stocks), you should have done that nine months ago. Smarter investors took a more defensive approach.
So, sit back and enjoy the cricket (Australia is playing New Ziland).
And, lads, remember Valentine's Day on Sunday. Because if you don't, expect a localised massacre.