Friday, February 1, 2008

Market had best weekly gain since 2003..UP 4% on Dow / S&P 500

What a difference a week makes on wall street........

Till 11 am today...nobody was sure which way markets will go..as markets were reeling from negative jobs report..........

Then we started to overcome negativity and started to gradually climb UP......closing UP 1.22% on S&P 500......

I do know that many of us ...got beat up financially & emotionally...our confidence in stock picking is badly shaken.......

We have suffered since October...when markets started to turn against us...then it turned into tidal wave of bad news since december...then january became a nightmare........

So....it is feb now ....markets are looking surprisingly healthy...thanks to Fed & white house decisive actions.......

We are all exhausted with this market and need this weekend to recover from our emotional roller coaster trauma.......

I sincerely hope that I was able to give daily analysis which gave you some idea ...what we were facing.....day after day.......

Please dedicate quality time away from wall street induced stress and try to get away to whatever pastime you enjoy........

By 10 AM saturday I will be posting list of technically weak/strong & momentum stocks.......

Saleem

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