Futures are weaker this AM @ 9AM...........
This is a NORMAL meandering before it starts its another FIRM close.
Worldwide markets were UP including Shanghai.
Chinese regulatory authorities are TIGHTENING the listing requirements for A index....to eliminate weaker companies for getting listed on this major exchange.
China is also allowing Chinese to invest 50% of their savings in foreign equities in world exchanges...to deal with balooning foreign exchange reserves.
OIL is flattish after being down for several days.....good for future inflation.
GOLD is in a MAJOR downward spiral...may continue till it finds its SUPPORT around $650 area.
OE will push all indices to its HIGHEST close today.
Lot of private equity chasing beaten down companies.
Lot of strong companies are buying back their equities in a BIG way......which is reducing supply of FLOATS.
Takeovers are also eliminating supply of equities and giving lot of Dollars to reinvest in other companies.
Now that is a HEALTHY conditions for an ongoing BULL market around the world......of course with SHARP corrections along the way.
Position in stronger stocks in a diversified manner.
Please continue doing your own due diligence.
BLOG does not give buy or sell.
Saleem
No comments:
Post a Comment