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Well they are not going far. Despite all the shenanigans over the last week or so with bonds in the US and the sell down in global equity markets things have not really changed.
Cheetahs are the fastest land animal. They can run up to 100 kilometers per hour in short bursts when they are hunting.
In the past two Trading Tactics newsletters, I have written about a strangle on News Corp (NWS on ASX) and a calendar spread on Autodesk (ADSK on NASD).
After a string of record runs earlier in the week, the momentum was snapped by Fed chairman Ben Bernake when he suggested that recent strong economic data would reduce the likelihood that the Fed will cut interest rates.
Well what is he on about now? That very, very hot China market! There are few markets that are watched so intently as Shanghai's index.
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