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SMH

Posted: 2015-10-09 05:29:28

I can't believe I took the rest of the day off yesterday after midday and was not able to bask in the glory or yesterday's blog headline :(

I also can't believe a weak jobs report is a GOOD reason for this week-long rally. Pretty pathetic market relying on no 0.25% rate cut.

For the super-bulls, I will be impressed with this rally IF it gets to 5400 and stays above there. Then you can start worry about US rates and China so we can do this all over again :)

I also not so sure that the big 3 will come out with positive news this reporting season. Falling clearance rates and investors slugged with an extra 0.27% interest. Outlook statements may spook the market.

I am willing to wait for a few down days or for the bank reporting season before I commit more money. For now will mostly play with the indexes with quick short term trades.

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