The DOW should resume a slow rally upwards from here. The EURO has covered its gap. And traders are watching whether to go long on the EURO with this bailout plan.
This huge liquidity that the EURO and IMF is planning will definitely stabilize the sovereign bond market. The fear created last week was overblown. It was likening EUROPE to Lehman Brothers. However, EUROPE as a whole is experiencing growth. So the fear was unfounded. It only allowed us to buy stocks at low prices.
I have not been analyzing any new stocks as I am busy with my final days of exams.
I own AA, BAC, STD, X, HOT, CLF, AES.
No comments:
Post a Comment