Markets are showing amazing "stability" after G7 meeting ......
@ G7 meeting Henry Paulson admitted that US is facing severe housing related issues......
ECB told G7..their priority is "different than US".......
ECB is fighting inflation........thus a great reluctance to reduce interest rate...maybe a symbolic reduction.....if @ all.....
Australia Central Bank minutes is also focussed on fighting inflation..thus further increase in their interest rate......
ECB & Australia hardline approach is very significant !!!
Why ?
Because this shows that whole world is NOT falling apart..thus do NOT need to stimulate their growth/economy......
That is a very bullish sign for the future of world stock markets.......
Most strong stocks are showing green in pre-market.....
AAPL,RIMM,LDK,CSIQ,SOLF,AGU,MA,CMED...to name a few are all higher.....
Could today be the FIRST day of a strong turnaround......
Close will gives us the answer......
Good luck @ open & CLOSE !!!
BLOG does NOT give buy or sell.
Saleem
Saleem,
ReplyDeleteThanks for the MA and market feedback.
SALEEM
ReplyDeleteLooks like most of our stocks are on fire! But the market is down 50 points--wow what gives.
SOLAR has made a come back
Cheers to all
Madmax
Hi Madmax,
ReplyDeleteIt IS a stockpickers market.....
which involves homework,patience & cinviction...a rare commodity in 5 minute daytrading.
Saleem