Traders have regained their nerve fairly swiftly after last week's sell-off, says Warren Firth at www.globalprimepartners.com.au.
Perhaps they are starting to realise that negative real returns on holding cash will dispatch them down the road to ruin. While I'd have sooner bought the Dow on a fall to 14545, I am willing to go long once more targeting a move to 16175. Only exit on a sustained fall below 14390.
