Sunset Strip | SUMMARY: Aussie market was again volatile early before pulling out another positive finish despite some large cap stocks like TLS going ex div

Sunset Strip | SUMMARY: Aussie market was again volatile early before pulling out another positive finish despite some large cap stocks like TLS going ex div. Euro and Middle East will remain a mess and source of risk for global markets for years to come. Recent steps have made them less of an issue than they were a week ago. US Fed allowed the markets off the hook by announcing that rate rise is few months away as we expected. We have been expecting US Fed to point towards low rates remaining longer and pushback rate rise to Q3. The volatility index has come back substantially while the currency is now pushing close to 79 cents. Market has moved from fear to extreme greed in the chase for yield and short covering in recent days. Over the past 2 years that strong positive February returns leads to negative March returns while Mining stocks have seen profit taking in March since the China GDP growth outlook fell from 10% in late 2010. (VIEW LINK)