Wednesday, Oct 29, 2008
Stock market rally - unfreezing money markets ...?
Bloomberg: European Stocks Climb as Credit Costs Ease; RBS, Daimler Rally
European stocks gained for a second day as falling credit costs spurred a rally in financial shares, while higher commodity prices pushed up oil and metals producers. //...// The drop in money-market rates "shows that the system is beginning to unclog,'' said Charles Mackinnon, chief investment officer at London-based Thurleigh Investment
Posted by 51ck-6-51x @ 03:01 PM (294 views) Add Comment
2 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. techieman said...
Very interesting chart structure. Scratching me head a bit. Is this the start of the more substantial counter trend move in the FTSE or do we have one more low first? Has to hurdle lots of resistance around here still 600 points off them lows in 2 days is a bit on the volatile side. Reluctant to have longs unless resistance confidentially taken out and then a pull back.
2. Fjcruiser said...
temporary blip until gloom and doom comes back and it is all downhill again.