A late post, but never late than never. :P
Just a short thought. A huge rally from US markets last night and a major rally from most of the indices today. Does it mean the worst is over? Taking consideration that the current subprime issue is out in the open and it has bear stearns in big debts, UBS is next on the list by writing down 19 billion, I guess it must really take a BIG bang to spoke the market again.
Currently USD/Yen is at 102.75-102.76 + 0.82, which has taken a big leap backwards since my last post in december. As far as I remembered, it had hit a low of 99+ as well within the past few weeks. Oil has been hovering above 100 per barrel for the past few weeks too, but it seems its highest has been reached at 106+. It seemed to be a trend that end march/early april always triggers a nice up move. Looking at the charts, most of the time, this period has always favored a slight uptrend.
Ok, I was so busy with school work that I only had time to watch videos from CNN at night. Some of the videos are quite interesting and explains the subprime issue in quite a simplified way:
http://money.cnn.com/real_estate/foreclosures/
I will update more stuffs when I have the time. It seems that my office doesn't allow blogger.com to be accessed and I can only post at home.. :(
No comments:
Post a Comment