Friday, August 8, 2008
mkt comment as of 08 08 2008
Market struck a remarkable turnaround today in line with China's opening ceremony. S&P increased 2.39%. The concerns over global economy and strong dollar pushed down the oil price, boosting the stock market. Global economy is on the brink of meltdown: ECB hold rate on hold in spite of its increasing inflation, UK; Spain shows cracks in housing market; Asian economies are facing stagflation. This is just the begining of global slowdown, while US slowdown is at least half way through. Where are you more willing to park you cash - US. Strong capital flow boosted the US dollar. Imminent global economic meltdown indicates sagging demand for oil, lowering oil demand too.
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1 comment:
Well said, informative and straight to the point. Cheers. Veta Monahan
Quite an interesting read, what about anything new soon? Breanna Joe
Why viewers still make use of to read news papers when in this Irmgard Toller
Solid post, thanks a bunch for sharing this. Marg Kennell
Interesting way to approach this matter. Good post though. Bula Bard
Some reasonable points here, thanks for sharing! Tomasa Sauers
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Good blog here, lots of useful information indeed. Madge Mcfaddin
Quite an interesting read, what about anything new soon? Toya Drews
Great way to say this, indeed. Good work! Zulma Leiva
Interesting way to approach this matter. Good post though. Mckenzie Okelley
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