very sad to see the carnage continuing across the middle east, all eyes will soon turn to Saudi Arabia with youth unemployment(20-24yrs) sitting at 38% don't be surprised if unrest starts fairly soon.
with Nymex crude now sitting at $97.75 a barrel it won't take much for it to nudge above the psychological significant level of $100 a barrel which could start to be a major drag on economic expansion.
the fact that the $AUD is holding up pretty well is an indication that the market/risk trade is not yet convinced the middle east problems will worsen but would be wise to keep an eye on the exchange rates as an indicator of a major shift in sentiment.
you can definately feel a change in sentiment from the recent euphoric market conditions.
as always there are still opportunities to make some good profits but the lifespan of individual spec runners is definately shortening.
happy to sit on the sideline for a while to see how things playout in the short term, it has been a spectacular last 6 months and there is no need to put recent profits at risk.
hope everyone stays safe and continue to churn out the profits.
