Market surprised skeptics..by closing sharply higher again on bad economic news on many fronts....
Job survey by ADP & Beige book from Fed...were saying "things are getting worse"...so market cheered UP saying "give me more bad news"......
Markets are actually looking forward to many solutions put in effect by Fed many policies...NOW market believes that it will work......
Today many sectors participated in the rally....
ECB will cut interest rate before open......
New Zealand cut their interest rate by 150BP....
BLOG does NOT give buy or sell.
Saleem
6 comments:
SALEEM
HELLO to you my friend
Just saying hello
Do you Skype to talk to friends and relatives?
Market is just plain to difficult to play right now.
Peace
Hi Carlton,
I have never used Skype.....is it good & free ..is the voice quality OK.....
Yes...market is extremely tough...that is why I am in ETF only....in different sector..to save my bacon!!!!
Saleem
SALEEM save the bacon is the name of the GAME these days
THis is one tough market--My prediction --Ford thrives === Chrysler and GM merger--any bets any one and they get a bail out --- so says N Pelosie
Skype is no cost FREE---- we call China and all over America
it has video and audio that is exceptional
My iMac has built in camera and speakers and is awesome....... We use every day
If you sing up we could chat,
Good luck and peace
Hi Carlton,
I have an unlimited US & Canada long distance plan...as I have my mother,brothers,sisters & friends in US.....keeps me busy most of the time.
I pay a fixed $42.95 for home phone & unlimited long distance to US.....
I have not activated any messenger service as I find it very intrusive.
Saleem
Saleem
Hi Saleem,
Not much going on here in Atlanta. Business as usual. Loads of traffic. This market starting to get some legs again. I believe the panic sellers are all gone for now. Your ETFs should give a good return in the next few months as the market gains strength.
Best Regards
Hi Standards,
I agree with you that last of the bottom sellers are gone...which usually brings stability first & serious UP move later.
My ETF are generally trading @ 75% low from their highs....expect serious UPTURN with market in those.
Economy is getting all the bad news in a hurry which means FINAL cleansing is already happening....good for profitability & stocks.
Saleem
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