I think the call on interest rates will be the key. If they actually pull the trigger, then I suspect 1,300 will be a far cry.
http://hotcopper.com.au/resources/g...-signals-rate-hike-coming.28502/#.WC4nKLJ96Uk
If they don't, then it will be the boy who cried wolf.
Interested in the ASX merchants take on this today. He normally puts some perspective on the headlines
http://www.chamberofmerchants.com.au/
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---|---|---|
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5 | 79792 | 3.420 |
8 | 203483 | 3.410 |
17 | 151745 | 3.400 |
5 | 24798 | 3.390 |
Price($) | Vol. | No. |
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3.460 | 272411 | 9 |
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