Thursday market wrap..Nowhere to run to

Henry Jennings

Thursday market wrap..Nowhere to run to. Nowhere to hide! Taper talk gathers momentum as December is Ben's last at the helm and he may want to leave a little Xmas gift of his own! Another big down day today as the big red blob of the financial sector washed over all before it. Trade numbers and the horror of Qantas Airways Limited (A$1.07, -11.2%) gave the shorters and profit takers a reason to sell and sell they did with momentum gathering pace as we careered into the close. In the final countdown we tested 5200 with a drop of nearly 76 points. Did seem that someone wanted it to hit 5200.Not a conspiracy at all.read more at (VIEW LINK)


Henry Jennings

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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