Monday 17 August 2009 11:45:49 am

Has it run out of steam , Yes it has!

Now that the stock market Honchos are returning from their holidays in Monte and SanTrop, we should start to see some real action in the markets.

I suspect that the market having recovered 50% of its October low, that minds will now start to focus on What can we short ?

The banks - No they have been played out .

Mining and comodity stocks -No don't think so! All that monetary inflation has to feed into something - Normally Price inflation - real assets are a good,safe home for price inflation .

Guess it must be RETAILS turn to take a severe beating at the hands of the short traders. Also at this part of the cycle the banks are not big on financing of FREECO's. So that only leaves the stock market for raising funds, and that won't be very easy if the stock is being shorted .

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