I was anticipating the stock market to show some weakness or even would have done some correction this week. However, the market seem to continue its bull steam and keep running up. Are we ready for a bull run?
Fed chief Bernanke gave some optimistic report to the US congress that he expects the economy to start growing again this year. There are also report showing that the rate of job losses is slowing down. These are some good news to cheer the market up.
We Are In A BULL RUN
I have come across a video from a hedge fund manager suggesting we are in the bull run now. Let’s listen to him.
Just Beware…
Though it seems that we are in a bull recovery now. However, the market has been running upward for clsoe to 2 months. The bad news from the automotive industry seem to have less impact on the US market last few week.
We are now facing a key annoucement ahead of us about the US “Stress Test” result of the banks. Plus, Fed chief is now calling for a revamp in the financial sector to prevent the crisis from happening again.
I still think that there market will definitely show some weakness or even corrected downwards by 50% of the gain before it resume its upward movement. I will be looking for it to form a higher low to confirm the bull run.
DISCLAIMER: This information is used for learning purposes only. It does not constitute an offer or solicitation to buy or sell. You should do your own analysis on top of my postings.
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Hi
your website is very informative and as a professional banker and trained bank trader, I think you should focus more on Asian markets. While I recognize that Wall Street and London are still very important financial centers, I think Asia (especially will be the centre of investing and trading from now onwards. Let get more views from Asia. I have published some articles in INVEST and my aim is to educate and inform Singapore invetors. Even in Singapore the level of financial education is low and I am just sharing and contributing to quality education.
Regards, Dr. Foo
emai: dr.lsfoo@yahoo.com