Wednesday, October 29, 2008

Stock market rally – unfreezing money markets …?

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 (755 views)
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2 thoughts on “Stock market rally – unfreezing money markets …?

  • 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.

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  • temporary blip until gloom and doom comes back and it is all downhill again.

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