With FAS 157 and 159 (Fair Value Measurement) accounting standards that will be introduced to regulate the valuation of bank assets including artificial financial instruments (think 400 trillion US dollars derivatives)implemented tonight our time; and the certain to be negative Treasury International Capital (TIC) Report coming on November 16th EST the fundamentals are in place for some fireworks.
September was a negative U$163 billion when the USDollar index was still around the 80 mark.
How possibly could this rigged market go up even with the 'invincible'PPT.
Australia will of course oblige by following any US move down.
This November cycle already looking different this year down from a November 1 close of 13,567.
The question du jour being when will the PM shares really decouple.
Not before a bit of bloodshed I think.
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