Sunset Strip | Aussie market bounced up on ECB optimism and then fizzled away with worry of another ECB over promise and under delivering
Sunset Strip | Aussie market bounced up on ECB optimism and then fizzled away with worry of another ECB over promise and under delivering. Despite jobless data coming out of US, the key show tonight is ECB going wild. They have leaked out that they are looking at 1.1 trillion Euro to account for some 50 billion Euro per month for the next 2 years. Even if they downgrade to 800-900 billion Euro, it is still better than the average market view. RBA will be forced to cut rates after the budget to keep consumer sentiment from shutting economic activity down to nothing. Let's hope ECB actually delivers tonight and atleast the equity markets will have a good run. The local economy is beginning to look like it needs an emergency leadership transplant or its going to fall flat. As a very wise old man once told me life is all about cycles, you evolve to the cycle or the cycle runs over you. SHORT TERM MARKET CALL => Buy Call on 22nd Jan 2014 with ECB QE announcement (VIEW LINK)
Over 25 years’ experience in the finance/tech industry. Mathan has worked extensively in all parts of the finance sector (i.e. County NatWest, Citi, LIM, Southern Cross, Bell Potter, Baillieu Holst and Blue Ocean Equities). Currently Founder and...