As mentioned on 19th Nov. 2008 post, US markets made new recent lows. Went below October lows. On Thursday it sold off quite heavily and rapidly. And a technical pull back is expected. The US market futures are too trading positively by this time. This hope gave a good bounce in Asian and European markets. It is to be seen how long does this bounce carry on. Any guess???
One can go long for short term selectively and cautiously. Take advantage of the rallies to get rid of the garbage and keep cash on hand because CASH is KING.
One can go long for short term selectively and cautiously. Take advantage of the rallies to get rid of the garbage and keep cash on hand because CASH is KING.
