Risks with SVL?, page-71

Finlay - i will add this though. If you look at the Linked In forward guidance from Friday it would appear to indicate a very rough 1st quarter 2016 for white collar sector

hence LinkedIn dropping 43% in one day

and that makes sense if you look at latest US corporate earnings season - where 80% of stocks beat concensus for NPAT - but only 55% beat on revenue.

that implies they are sacking people and otherwise reducing internal costs in order to hit their profit targets

and those expectations were already massively downgraded by analysts during the quarter, apparently

so it could be that the April reports of 1q2016 are enough to reverse the FOMC policy direction. but i doubt it.

theyll go on a 'wait and see' until at least the June qtr.

but market will start pushing USD down anyway if things are weak