Tuesday, March 11, 2008
Asian markets surge
Asian markets are following the lead from higher markets in NY. Their focus is Wall Street's biggest gain in over 5 years, most gapped up initially with gains around 3%. They are also talking about reducing expectations of a rate cut by the FED next week for "only" 50 basis points (vs 75 assumed before). However, markets already open have started to pull back.
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2 comments:
I have no faith in this at all. Much of it is pure artifice. Natuaral Gas has zoomed nearly 25% in just the last 2 weeks. A natural tag-along to oil (as silver is to gold), Nat Gas is another bellwether symptom of an economy about to be pushed over the edge.
Down markets bring buying opportunities,
Avi
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