MQG up 1.50 in 1 hour. Other banks doing the same. Market is realising the significance of the RBA's decision. Tonight, US will be up lead by banks. The fed is acting as underwriter and insurer of not only the US banks but also mortgage lenders. The finance worries are over! The only thing left to sort out now is oil. They are acting to defuse that now and I believe they will. I am optimistic because market is now moving into US election mode.
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