.A rolling taper gathers no stocks..The markets will take a breath today to remember Nelson Mandela, a giant on the World's stage and one of the few truly...

Henry Jennings

.A rolling taper gathers no stocks..The markets will take a breath today to remember Nelson Mandela, a giant on the World's stage and one of the few truly inspiring leaders of the 20th Century. On the markets side of things the US fell for the fifth day as the so called never going down in our lifetime market comes to grips with the impending Taper. Let's face it the US has rallied over 25% this year so an excuse to take some money off the table was always on the cards. Dectaper seems to be gaining momentum as GDP numbers out of the US showed the strength of the US economy..all we need now is the employment number to confirm and Uncle Bens last act as Chief will be to play Scrooge at Xmas with some pullback in money printing..read more at (VIEW LINK)


About this contributor

Henry Jennings

Henry Jennings

Stockbroker, Marcustoday.com.au

Henry started in financial markets in London in the 80s as an option trader before coming to Sydney and spending 7 years at Macquarie Bank including a stint running equity derivatives and cash trading.For the last few years he has been a private...

Expertise

No areas of expertise

Comments

Please sign in to comment on this wire.