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Listed below are interesting points found in the articles that I have read in the past week:

  • For the past 14 bear markets—ranging from gold to US stocks — when markets dipped more than 40 percent, the average rally off the lows was about 72 percent. Since the Dow is up only about 45 percent and the S&P about 52 percent, the market still has a lot of room to the upside.
  • Dow and S&P 500 hitting their highest levels in over a year as investors extended a seven-month rally.
  • It's inevitable that we'll see more pullbacks, but even a bigger selloff would probably just serve to bring in more buyers. There is still enough skepticism about the rally and enough cash waiting to be invested to fuel more gains.
  • The Federal Reserve Chairman said Thursday night that while interest rates will stay low for a while, the Fed will have to start boosting rates as the recovery picks up, in order to fight off the threat of inflation.
Technically, both Dow and HSI shows strength to test recent high.

1 comments

Alvis said... @ October 15, 2009 at 8:45 PM

Both Dow and HSI has tested recent high. Need confirmation for a successful breakout :)

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