Just about everyone is expecting the market to rally following the passing of the debt plan ... always dangerous when this is the case. The real action probably going to play out in currencies as the USD is no longer seen as safehaven. Unfortunately the Aussie will probably continue to grind higher to ensure own our little debt mess leads to a potential bubble pop of property, especially commercial.
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Just about everyone is expecting the market to rally following...
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Peter Batten, MD
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