Am I being too cynical here...the US announces a deal to kick the can down the road again on US debt and the Market celebrates with the biggest day since January and they the debt ceiling then!!Extend and Pretend is alive and well it seems.More Aussie Markets comments from (VIEW LINK)
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...
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Definitely a little cynical Clarence but a fair enough point. Don't expect markets to always behave in a rational manner, however, I think the relief was in the fact that a default looks like an unlikely result.