Today is an interesting day as the World's financial markets rebound strongly. Stronger than what I expected actually. Here is a break down of the recovery:
China: 9.46%
Hong Kong: 9.61%
India: 5.16%
Singapore: 5.78%
Russia: 22.1% at this moment.
UK: 7.86%
What spurred the market? They are just as what I described in the morning. Setting up of a global liquidity fund with other central banks, Creating an organization to help US firms to sell off the bad debts. the latest news to add to the good news is that China abolish their share purchase tax and the government is buying back the shares of the largest China stocks. Barring any negative news from a new bank or mortgage company, this feel good rally will last a week or so.
However, the rally will not last as long as the fundamental problem is not solved. The stablization of the US property market. What happens after this rally, we will lay back and take a look.
I may start implementing the cut-backing, bottom fishing strategy in a within these few days when the market is still favorable.
China: 9.46%
Hong Kong: 9.61%
India: 5.16%
Singapore: 5.78%
Russia: 22.1% at this moment.
UK: 7.86%
What spurred the market? They are just as what I described in the morning. Setting up of a global liquidity fund with other central banks, Creating an organization to help US firms to sell off the bad debts. the latest news to add to the good news is that China abolish their share purchase tax and the government is buying back the shares of the largest China stocks. Barring any negative news from a new bank or mortgage company, this feel good rally will last a week or so.
However, the rally will not last as long as the fundamental problem is not solved. The stablization of the US property market. What happens after this rally, we will lay back and take a look.
I may start implementing the cut-backing, bottom fishing strategy in a within these few days when the market is still favorable.
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