It's global event, just look at AUD$.
It is going to be a quick and brutal washout.
I sold into cash (45% of the portfolio) 1 minute after the HSBC PMI release.
This is engineered! What data was released last night that provoked this? Nothing!
The US suits have created the stampede, soon the herd will tire and wonder why they were running.
Then wait for the next market indicator to be released magically exceeding expectations. Could well be China's official PMI release later next week.
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- we just fell off a cliff.
we just fell off a cliff., page-37
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