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DRYBLOWER

Dryblower on the good news in Friday's overdue correction

VOLCANIC activity often starts with a preliminary tremble followed by an eruption, and while it's easy to describe Friday's global markets sell-off as a precursor to something nasty <b><i>Dryblower</i></b> reckons it was not the beginning of the end, it was the end of the beginning.

Dryblower
Dryblower on the good news in Friday's overdue correction

Put another way, what happened when Wall Street dropped by 2.5%, interest rates rose to their highest since 2014, and the gold price shed $US15 an ounce in a matter of minutes, will turn out to be good...

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