Despite racking up strong gains from Friday's session(S&P), i still see no change in the general sentiment and most investors/traders still remain skeptical about the market if not more. Today's front page of Financial Times reads, " Investors braced for week of key data. Us recovery still fragile a year after it began." I can understand why most people are feeling this way and it is indeed a big concern about the health of the US economy in the future but one must be about to draw a line between the financial markets and the economy. I have been keeping good records and notice that these are the normal ingredients we would have before the market stage another move up. Judging from the bearish sentiment since the last 2-3 weeks i think we have a huge wall of worry to climb this time i would be surprised if STI ends up 200 points higher from now in the next month or so.
Nikkei: was up as much as 3% in early session but close well off the highs as the yen sore once again. This happened despite the BOJ introducing new easing measures.
No comments:
Post a Comment