Sunday, Aug 23, 2009
Stocks resume uptrend on economic rebound
Investment Postcards from Cape Town: Words from the (investment) wise for the week that was (August 17 – 23, 2009)
After starting the week with a broad-based sell-off, stock markets resumed their five-month uptrend as investors’ confidence in the recovery prospects of the global economy gained traction. With risky assets back in favor, a number of bourses and crude oil closed at fresh highs for the year, showing resilience in the face of a sharp correction in China.
Safe-haven assets such as government bonds and the US dollar received a cold shoulder.
Read more about this, together with some thought-provoking news items and quotes from market commentators during the past week, in the weekly “Words from the Wise” review:
http://www.investmentpostcards.com/2009/08/23/words-from-the-investment-wise-for-the-week-that-was-august-17-%E2%80%93-23-2009/
Posted by prieur du plessis @ 09:35 AM (280 views) Add Comment
3 Comments
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1. little professor said...
Keep posting this waffly drivel and I will scream and scream and scream
2. Crunchy said...
For the first time ever LP you made me laugh for the right reason!
Investment tip... For those that didn't listen to me and missed out on the oil play, D'oh, it's high time you bought some sugar.
Who cares about sticky boots. Adios!
3. techieman said...
scary stuff LP!