Hi All
Well if any one really thinks the market a big bull, here are two articles from the UK Independent (always worth a quick read).
http://www.independent.co.uk/news/business/news/japan-slumps-as-its-exports-sink-by-50-1654385.html
and
http://www.independent.co.uk/news/business/news/fears-grow-for-public-finances-as-gilts-sale-fails-1654384.html
Conclusions
1, Would you really lend money to the UK government at just 3.3% for 10 years. It looks as if the UK is running out of borrowing options. Will be a cheap holiday in a year or so.
2, Do you really expect the mining companies to hold on to the high iron ore prices.
I think not big time on both.
Enjoy the bounce and wait for the new lows to arrive.
cheers
PC43
PS Enjoying all the info chaps and lassies
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