Tuesday 3rd December-A rolling economy gathers no stocks!Taper talk -It's back..Yet another night when the Dow sells off into the close..that's four in a row...my question is, if everyone is long the US then who is there left to buy?...when the fire alarm goes off there will be a rush for the exit I suspect. Yields on Ten Year Treasury's hit 2.8% last night as good ISM manufacturing numbers brought the dreaded Taper back. Losses in the US gathered pace towards the close and the Zombies were weaker too..The big casualty of Taper talk last night was silver which got hammered 4% or so, as did Gold..read more at (VIEW LINK)
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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