My Friday post may have been optimistic, as were the share traders who prompted the post by responding so enthusiastically to the US Treasury figures. While we slept on Friday night, America was backtracking strongly! While the US Treasury figures were certainly very good news, there is still much sentiment that the rally in shares has gone too far too fast, and it looks like a strong correction is now taking place.
George Soros is quoted as saying the global economy is liable to run out of steam in 2010/11, possibly sparking a double dip recession.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment