US & UK Markets Closed for Holiday... Where's Ours? | Iron Ore up past $60/tone.. Is this the bottom? | SPI Pointing to a "Flat" Open... |

Good Morning, Well last night US markets were closed for Memorial Day… UK markets & Frankfurt were also closed for a Bank Holiday… Why didn’t we have a holiday too? In AUS, we had a good day yesterday (XJO up ~50 points), largely driven by the banks and with the falling AUD, money is returning to stocks that have US & European earnings (i.e. CSL, MFG, BXB, AMC, PMV, WRT, ANN). The Chinese stock market rebounded strongly yesterday (up ~3.00%), as the central bank further reduced borrowing costs… Overall, their stock market is up ~ 50% YoY… Not bad… Where is the strong positive correlation between China & Australia? If you haven’t had a chance to view yesterday’s interview and wanted to get my thoughts on the Chinese stock market, The Rising USD and what’s “in store” for Japan, India & Europe here is the link: (VIEW LINK) The SPI is down 4 points