The Thursday wash up..Another day, another negative

Henry Jennings
Henry Jennings Marcustoday.com.au

The Thursday wash up..Another day, another negative. Once again we saw negative leads from the US driven by taper talk and disappointing (not so) Flash PMI numbers from China, disrupt the bulls. The falls were across the board and as the newly reformed Monty Python boys would say it was just a flesh wound. Could have been a lot worse as we continue to consolidate and pour over the forthcoming attractive IPOs that are on offer.In the final washup we closed down 20 points at 5288 for four in a row. Financials were weaker as the growth engine continues to run on only 5 cylinders,read more at (VIEW LINK)

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