GM Modified markets today..Another day of downwards pressure today expected...as we head down to 5050...it's been a big fall in the last month...a combo of...

Henry Jennings

GM Modified markets today..Another day of downwards pressure today expected...as we head down to 5050...it's been a big fall in the last month...a combo of massive shocks from corporate Australia, fears of the US tapering and profit taking in thin markets has taken its toll...we topped out at 5441 on October 28th...looking like a 10% retracement in a little over 6 weeks... Seems that the deal the US has done on the budget now opens the way for Tapering...17th/18th December is Scrooge time from Uncle Ben in his last act as he looks like announcing a modest pullback in the taper...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...

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