Menta, it's long for me come Monday 8am. Last night was a blip. Once the FED finishes with bond purchases it won't take much of a bad news set to evolve very quickly into a market rout.
But of course with inflation in the US rumbling under the ground of the US financial system I expect a rocket under US indices next year and maybe the next, with of course the occasional meltdown to keep everyone nervous.
We have yet to experience the ZIRP exuberance but with rates moving down the chase for yield should put a rocket up the Australian equity arse.
Leveraged long positioning after year's end meltdown just might be in order.
