The winding back of the stimulus package seems to have spooked the market a bit. If commodities keep falling, that will also have a massive negative impact on the indicies which may be enough to roll it all over and send it into a bit of a panic sell off. Im just speculating here though becuase right now it could go either way IMO.
Theres been a lot of good news coming out the US recently, but at the end of the day, if the market doesnt like it, it doesnt like it. I would have thought the US winding back the stimulus package would have brought some faith back into the economy, but thats not the case. Perhaps long term it will.
SLR is holding up very well for now BTW I reckon. But its still looking like it could roll over any day. It needs some positive announcement like someone else said the other day I think.
SLR Price at posting:
94.0¢ Sentiment: None Disclosure: Not Held
