Sunset Strip | Aussie market ripped open the market shorts to deliver a big positive day on the back of the ECB QE move
Sunset Strip | Aussie market ripped open the market shorts to deliver a big positive day on the back of the ECB QE move. Super Mario has delivered for the financial markets. If this QE will deliver the economic growth and growth in jobs can only be judged over time, but if it's good enough for US then it's good enough for Euro. The Greek election will be interesting to see as both parties will have to come back to ECB to get some discounts to move forwards. We do not expect RBA to waste a rate cut by moving before the budget given the last debacle. RBA will be forced to cut rates after the budget to keep consumer sentiment from shutting economic activity down to nothing. There is one thing certain about QE; we will see PE expansion driving the market higher. SHORT TERM MARKET CALL => Buy Call on 22nd Jan 2014 with expectations of positive 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...