deja vu to October - November last year, all the doom and gloom before QE2 announcement
Indeed things look pretty bad right now, but I suspect the FED will come out with QE3 next Tuesday, seems they have no other option after Q1 GDP was revised down to 0.5%.
Market will take a shot and rally again, I suspect DJA will break new high by end of August then it's all over.
September is going to be real ugly in Europe.
Fingers cross this scenario pans out and bestow upon me an once-in-a-lifetime opportunity to short.
deja vu to October - November last year, all the doom and gloom...
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Last
7,788.2 |
Change
-41.500(0.53%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,829.7 | 7,829.7 | 7,782.0 |
| XJO (ASX) Chart |