All signs point to an action packed Q4 both locally and internationally.
Locally:
1. Our CB has been awfully quiet on the interest caps. Meaning they can't figure out how to navigate smoothly out of our current situation.
2. Much as the cbr is the presumed base rate it will lead to a disconnect in the money markets.
3. Govt is being egged on to float a second eurobond.
4. Weak banks will be culled in due time. Q4 results should be telling. Big picture will be clear at FY 2017.
5. Failure to float the eurobond means huge domestic borrowing.
Those issues should determine whether the 3000 mark holds to close out the year or it fails to dyke the waves.
As far as the international scene is concerned, it may close the year in the same fashion it opened it.
The main purpose of the stock market is to make fools of as many people as possible.