After the most chaotic week in the financial market, it's now a good time to take charge and see where the market will go from here. A few more interesting development:
-The Thursday and Friday is the biggest 2 days rally since 1929
-Goldman and Morgan Stanley have been granted the approval to convert from investment banks to commercial banks. So, we will soon see Goldman and MS ATM machines around
- Democrats want to add provision to help the man on the streets rather than the big banks and their executive who got rich making mistakes. The 700 billion proposed bailout may be diluted from a total bank bailout to more of a country wide bailout
Now, there is a lot of mixed message in the market. There are analyst who herald the last 2 days development at the end of the bear market and the start of the bull market. There are of course skeptics. So now, the environment has changed from total pessimism to that of cautious optimism. Of course both sides of the argument make sense. Now, the only thing is to figure out who is actually right. That's the greatest challenge. For now, the momentum of the market should still be on the upward trending side.
I would suggest investor to ride the upward trend till the end of the week and from there, we see what is the development.
-The Thursday and Friday is the biggest 2 days rally since 1929
-Goldman and Morgan Stanley have been granted the approval to convert from investment banks to commercial banks. So, we will soon see Goldman and MS ATM machines around
- Democrats want to add provision to help the man on the streets rather than the big banks and their executive who got rich making mistakes. The 700 billion proposed bailout may be diluted from a total bank bailout to more of a country wide bailout
Now, there is a lot of mixed message in the market. There are analyst who herald the last 2 days development at the end of the bear market and the start of the bull market. There are of course skeptics. So now, the environment has changed from total pessimism to that of cautious optimism. Of course both sides of the argument make sense. Now, the only thing is to figure out who is actually right. That's the greatest challenge. For now, the momentum of the market should still be on the upward trending side.
I would suggest investor to ride the upward trend till the end of the week and from there, we see what is the development.
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