intellimoney
I hope you took my advice mate from the other thread.
"Much of course will depend on the commodity price and the Dow's movement, but I'll take a punt now without committing myself to a position in the market just yet and say...............some upward movement from here and later SHORT IT BABY!"
Closed down big time and the Dow crashed with about 30 minutes to go.
aus 6486 closed
Went to a rather nice restaurant last night near where I live in Cottesloe and got very drunk I am afraid to say and suffering a little this morning.
Nothing a Borocca can't solve though.
I have a feeling in my bones that next week is going to be a real shocker on the stock market and I think the aussie is going to suffer further I am afraid. heeeeeeee
I see some major cash to be made coming up shorting the aussie but will have a closer look at things after I have read all the material available over the weekend.
The Washington World leaders summit is on next week so the market will react one way or the other, but frankly, any upturn will be short lived as the world economies go into recession one after another. They are going to fall like nine pins.
Commodities were very mixed last night.
It is also interesting to note that the shorting restrictions placed on the stock market are due to come off Monday, save for financials unless they decide to keep the status quo and leave em in place. Hope not.
FMG is like a sitting duck.
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