Friday, August 26, 2011

Jobs Resigns, Buffet Buys

Buffet invests 5bn in Bank of America citing it was 'dropped a lot' and markets spike 10 points in futures trading before being quickly sold of 20 points and endng 2% lower on the session.

AUD and Euros continued in their ranges, likely to make a move tonight based on Bernanke's comments. However, there were lot of headfakes, as it threatened to move lower, before spiking higher on Buffet's sentiment buy and then continuing lower.

Jobs resigns, and Apple stayed fairly well bid, only being down 1.8%.