Markets are firming UP against bleak data on jobless picture....
Nasdaq as expected IS lifting "most boats".....
Nasdaq remains the strongest index so far UP 2.5%..while other indices are tagging along for the ride with 2% gain......
CHINA IS the reason for confidence building move in markets..they DO KNOW what they are DOING for their economic revival...there is NO CONFUSION about their 8% GDP growth.....
GOLD UP $2.80...
OIL UP HUGE $3.70...I guess we will all start to use Gasoline again....
Most stocks are UP while gold stocks are taking a breather....
If we close "near HIGHS" technicians & shorts will take notice !!!!
BLOG does NOT give buy or sell.
Saleem
SALEEM
ReplyDeleteI can only hope that we hit the bottom and it is up from here.
GS and some financials are coming back
we need another day to confirm
Cheers
Hi Madmax,
ReplyDeleteHitting bottom is one thing...but starting a new bull market is another story...that may not happen until Q4....imho
Saleem
SALEEM
ReplyDeleteYOU are correct--I am ahead of my self
Irrational exuberance
STANDARDS
ReplyDeleteLots of talk about GE on Bloomberg
They say insiders are buying stock--a good thing
Heck if it get to $6 bucks I am getting on board
DID you all see my GS pop--even QLD is up 7% HURRAY
Good luck to all