Tuesday, September 6, 2011

SPX update

Respectable recovery back above 1150. Almost closed above 1170, LOL.
On closing basis this gives short-term bulls (yours truly included) some hope. We have quite a few events happening overseas overnight. Better not have any land mines over there...
I do not want to spread any rumors (as I hate them myself), but there are some crazy ones about Europe, and they are all positive for equities. Some of them I mentioned here as my own views on what should happen with their banks. Some are the solutions and measures that our financial system went through in 2008. I will leave it at that...

No comments:

Post a Comment