Wall Street has a reasonable job reassure investors that the economy & 39; n & 39; was not so bad that it feared & 39 in the last week. Blue-chip companies such as Apple and American Express win beat expectations and Google has its rapid ascent concrete Market says Michael Wright.
The Exchange has expanded its recovery after last week dive on Friday 19 October. Wall Street has sold for five meetings on & 39, is on Friday as interest on the credit market on its impact on the economy & 39; climb. Several companies of stagnation in the first and S & amp; P drops more mortgage-backed securities. Rising oil prices and & 39; weakening of the dollar impact, are also available on the market. Secretary in the Ministry of Finance Henry Paulson said in a speech that China& 39;s currency should allow the yuan, the gain in value faster. This is the fight against imbalances in the & 39; economy and monetary policy more effective answer inflation.
Rumours distributed in the middle of the week that the Federal Reserve at its meeting next week could reduce the d & 39; interest & 39; here or there by the 50 basis points. The central bank has also been added & 39; ld & 39, a large amount of liquidity in the financial system in the last two weeks.
& quot; Once people hear d & 39, a rumor, they tend to their shorts. Even if c & 39, is a rumor that said there & quot; Ryan Detrick, technical strategist at Schaeffer main & 39;& 39;s Investment Research. If short-l & 39; operators is the reverse bets predict that the market during the autumn & 39;. & quot; There was a lot of bad news this week. It is quite clear, Wall Street will be reduced and soon it wants. & quot;
With l & 39; possible reduction of the sentence to come, most of them already have their professions to take advantage of the cut. If the FOMC decides not to cut, then the market could be introduced to a spectacular retirement. Most operators to relax their skills and d & 39; others might not be back short positions, which have been completed, pending the & 39 l cut.
What rates, what does this mean for the short-term prospects SP-500?
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Tuesday, April 29, 2008
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