$1.50 is no far !, page-85

The US has been most interesting. The small caps have been the leaders with the Russell 2000 at all time highs, the VIX is down 30% or so from its highs, and it appears that with modest growth continuing in the US with improved employment growth and on the revised employment figures for the last 3 months as well, and rising housing prices.
The market had been reacting well to bad news and badly to good news, all on the basis of whether QE being removed or continued.
With news of QE being slowly withdrawn possibly late in the year, the market got spooked and had a healthy pullback that was overdue.
Now what is new is that the market is now warming to improved conditions and a gentle easing of QE and the market has ploughed ahead. Bonds rates have pulled back and stopped the charge ahead, and the $US went from 85c to <83c in a couple of days. Reporting season upon us and starting from a low base, which should help the market continue forward.
Other indicies have the NDX at new highs, SP500 and Dow nor far off the highs but trailing, as is the Dow Transports.