Wednesday, 28 August 2013

Aussie stocks follow US higher

Odd how stock markets that go up barely rate a mention as compared to a couple of days of falls.

The S&P 500 is shattering records in the US - up for 7 days in a row (+0.31% on Friday) to a record 1,680.19/

Aussie stocks responding in kind with several positive trades in the black.

However, Aussie bank valuations may be sliding, with hedge funds said to be taking short positions.



Source: ASX

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