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
3 comments:
Saleem,
Thanks for the MA and market feedback.
SALEEM
Looks 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,
It IS a stockpickers market.....
which involves homework,patience & cinviction...a rare commodity in 5 minute daytrading.
Saleem
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