Two 90% volume down days in a row!! Last time that happened on Oct 6th and 7th, we saw sell-off on Oct 10th. We saw a brief rally that couldn’t last any longer and bears pounded with full force. Market closed below 50% retracement from Oct bottom to short-term peak, and it doesn’t speak [...]

It took almost 5 years of Bull markets for Auzzie $ to reach its peak against US$ and just 5months to give it all back. The picture is not so much different for British Pound as well. The once mighty US$ is back with full force, against all convetional wisdom and doomsday forecasts, and almost all [...]

Fed has cut the discount rate by 50 basis points to 1.75%, ECB also cut benchmark rates by 50 basis points from 4.25% to 3.75%; and the futures are up, triple digit (as of this writing). Here is a snapshot of what happened today in the Asian markets so far-

Japan’s Nikkei falls 9.4 pct in [...]