I think time came, for what I wrote in the middle of March. Crowd follows after the promises of government. But now Fed changed its view to an economic and decline their forecast for this year. They expect lower GDP, higher unemployment. The same did Russian goverment. They expect big whole in a budget for 9%. This rally also was supported by a good earning from US companies, analytics upgradets, but its over already. Big possibility that we will see GM bankrupcy soon, banks will not be able to increase their results. On the technical view all is simple. Now we see double top on the major indexs and i expect that major support region 880 @SPX will be broken today. Now we have very interesting situation with North Korea. In which measureas the conflict of world public with them serious? Maybe they just joking with their misseles? :-) . Maybe we have possibility to by Korean stocks and this all is just a panic? Big hegde fund i think must have nice geopolitic for this situation :-) . Maybe we have arbitrage possibilities to short american soldiery companies and buy korean stocks?
17:00 - CB Consumer Confidence can give some impulse for market.
My stocks to look and trades look via twitter. Link to my page at left side of the blog.
Wish you luck today!
Tuesday, May 26, 2009
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