The market is consolidating, selling CHF, buying S&P, trading XAU on a very volatile way. Probably sideways for a month or so.
then we re open the eyes.
Europe is still with its problems, with sovereign debt and banks under capitalized. = Sell Euros
Unites States will keep rates very long at least until the elections next year. = Sell US Dollars
The stock market will drift down, not collapse, and i would take advantage to buy some pharmas and tech stocks Roche, Apple
Core currencies positions should be long XAU , long AUD, long SGD, long CHF
also, i would trade and take advantage of the volatility
