The fed certainly seems to be doing more damage than good at present, but the markets are also behaving irrationally - its only tipped at something like 26% tha they may raise rates in June - thats pretty low odds.
Hopefully some overseas money finds its way into the OZ markets as a result - likely as we are in for lower rates.
Cautiously optimstic today - the smack down on the spec end of the market yesterday was highly unjustified IMO.
Good luck all
Day Trading 20 May Pre Market, page-21
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