Indices 08/07, page-56

Market isn't going to wait for rate cuts to move up
It just needs to rule out rate rises & we'll start pricing in cuts
Markets are forward looking
They don't move trillions of dollars on a whim
If anybody expects a rate cut within 12 months, xjo needs to price that in now (not on the day)
Why do you think the US has been flying the past year?
They've priced in cuts & bears are getting slaughtered
They will peak before us though
As you said, they went harder than us

Btw xjo just got to 7950 quite easily (it does need another 10 points to complete the channel though)
Took us a week to get through resistance last time (with an 80 point dip)
We'll see how long it takes this time
I do expect quite a bit of resistance here (if it gets through next week, that's when I celebrate)