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aussiebear

World Stock Markets Trading Discussion - Vengeful vitiation

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All Ords 5-day chart

big.chart?nosettings=1&symb=AU:XAO&uf=0&

http://bigcharts.mar...com/default.asp

 

All Ords headed south for the day, closing -0.6%.  Most sectors were down led by Telecomms -1.7% and REITS/IT -1.2%.  Gold slipped into the green, +0.3%.

Over in Asia, China -0.3%, Hong Kong +1.3%, Japan +0.1%, India +0.4%.

UK/Europe determinedly green: FTSE +0.5%, DAX and CAC +0.1%.

 

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A general answer to why markets have not done better  under the Fed onslaught is that the strategies for for using the funds need time to be perfected and the decision making on their use has to become institutionalized.  

Not only that but it wasn't enough so today the Fed seems to be expanding the repo facility.

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