Wednesday, 19 June 2013

Expectation before Ben Bernanke, but what about after?

Dear Friends,

Today DOW increases by another 160 points. It is 3am in the morning Singapore time. However given the recent rise in the DOW, I predict that expectations of Ben giving reassurance that QE won't be stopped might have already been priced into the recent run-up.

I expect the market to slow down or even retraces a bit after the announcement.

We shall see what happens 2moro...

Rgds
Daniel

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