IIFT Daily Note with Peter Brown

The sell off continues.

Posted by:  |  Time: 6:49 am  |  Topic:  |  Comments: 1
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Only a small bounce in the S&P and then continued selling. Looks like the correction will be over fairly fast.  1365 is our traget.

Like yesterday we have to see the mood before we act. Expect a chance of a small bounce this morning and because it’s Friday the market could recover this afternoon. Don’t expect much on the top side this market is very bearish.

On the Euro we are sidelined Euro is weak but so is the dollar. Selling Euro would be better against the AUD or the Cad

One Comment

Ross

November 9, 2012

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Gold is on a year right now. Even more so in Euro than Dollar terms. I expect to see it reach highest highs then push past this month. Now that the US presidency has been bought and paid for that is. Capitalism! Democracy? Anyone?