the 1.2% increase in US indices o/night suggests that our markets will have a good day Monday, the only thing is that the AUD plunged to 86.75 , which is not so good for our banks which make up 25% of the all ords.....
no concerns about inflation over there with gold having broken $US1200 @ 1292
and no concerns about treasury increasing interest rates either with US 10 year bond yields still well down at 2.43%
oil has now dropped below the $US90 mark @ 89.74 - those on this forum who ignored reports of a plentiful world oil supply (regardless of the troubles in Iraq) and the general downward trend of its price lost money......
