14 December 2008

Market passing the test with flying colours

Got to stay constructive for equities going into this week. Second Friday in a row where the market has turned around a very dire data and news situation. The positive sentiment weve seen for the last two weeks is staying strong and the positive signals are still there.

Over the weekend there has been some positive talk as well;
* According to WSJ, President elect Barrack Obama´s team is considering a stimulus package over two years of 700BN-1TRN Usd. Two weeks ago they were considering a package of "only" 500BN Usd.
*From Bloomberg; "General Motors Corp. moved closer to a possible government rescue yesterday as the Bush administration said it may tap a bank bailout fund for financing and GM's top executive discussed terms with administration officials."

Should be enough for a positive start to the week.
December might just get a nice run up to xmas. Beyond that is a different cup of tea though.







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