humble pie that is. Eating some right now!
Seems like the announcement managed to give the sp a good kick along today, so not totally disappointed with my earlier call.
Indication today seemed to be that the announcement re bank review will take another week or two. I find it hard imagine the sp moving too far north until that issue is settled. Is the market starting to factor in a positive outcome?
I'm not convinced by the short sell / hedge fund theories - any believers care to elaborate?
Strong finish augers well for tomorrow but the low volumes indicate a lack of commitment to me. I still think this is heading to mid to low fives in the short term and will wait there to start buying.
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