sandybeaches,
I tend to agree with your views on the US market right now.
What last night showed us was that you can throw the largest drop in US non farm payrolls since 1974 at this beast (and which 2 months ago would have sent the market into apoplectic shock), but instead it just shrugged its shoulders and got on with life. My take on this is that we have priced in the "known knowns", the "known unknowns" and possibly also maybe a bit of the "unkown unknowns".
We are clearly overdue a rally and I think last night gave us the signal to buy.......
last night may have saved our bacon, page-8
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