global markets still struggling to price possible recessions in Europe/US, this is why the markets are whip sawing around, as a perfect example of the current indicision, Goldman Sachs have downgraded US 3Q GDP 3 times already in August, if the big instos that have the largest slice of funds under management can't have any near term clarity it makes it very hard to have any medium term fundamental view.
in terms LYC it is a great proxy in terms of market sentiment, today is a perfect example a nice bounce when the markets turned higher only to be slamed as the XJO sold off again.
Giz, one would hope VRX hire the same PR people as SRI, goes to show how a catchy release title can often have more effect than the substance in the release, those SRI results were nothing special and by stating they are the 2nd best regional exploration results to those of SFR is extremely far fetched, but like always just trade the trade, good money made today on SRI but as always the dreamers hoping it is the next SFR will probably be fleeced in the short term if results don't improve in the future.
don't rule out the speculators/hedgies throwing a tantrum earlier this week trying to collapse the markets hoping they will get what they want out of Bernanke.
