Morning all,

Chinese not so Flash PMI has spooked the equity markets…wont last as alternatives are few and far between but earnings haven’t been fantastic from US except in Techs…Taper to continue as economy going ok…here we have been hot by the old 1,2,3 hits…Employment,Inflation andChinese growth…all providing grist to the mills for the bears…reporting season will not help and we may be destined to have a peek at 5000 in the coming month or so!!!

Dow Down…Gold up…SPI down..expect a 40 down day before a small rally to see us close down 25 with Banks in the limelight!

 

Only a quickie today as I am enrolling my daughter at Uni or at least helping her enrol…Have a great long weekend.

 

Clarence

 

XXXX

Get a Global take on things at www.ntmarkets.com

Get a Global take on things at http://www.ntmarkets.com

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