Re: Peru mining unions call nationwide strike for June
in response to
by
posted on
May 18, 2009 06:41AM
Edit this title from the Fast Facts Section
Thank's just the same for sharing your thoughts , i know what u mean about this market being a trap i said the same a couple of months ago , and it's obviously a very " hostile " environment but i'm not so gloomy about the short run , this week end i read an article from an asian trader expecting a 10-15% correction in asian markets , mostly on Chinese stocks since they gained 10 or 15% more then North American stocks .
But somehow i feel we might avoid that here if the stimulus gets on the street fast enough and if it gets the media exposure it should get .
I may be betting the wrong way but i go with my guts feeling and i'm fully exposed to the market right now , my reasoning is that a lot of money is standing on the sideline anxious to regain some of the losses of last year and it may wait for a correction but it won't stand by forever if the market keeps climbing .
I can't remember where i read it but there was an article this week end about the amount of liquid money hedge funds had and i was impress by their holdings , so i figure the stimulus packages will start showing up soon creating jobs and improving a lot of numbers both economicaly and business wise and if that happens before a correction then it might cancell it for the summer if not then i'll be 10-20% lower but i'll stick to my guns and wait for the upcoming wave on the other side when people will jump in trying to take full advantage not wanting to miss what they missed since last march .
Either ways i can't afford to be out those are my circumstances .
Have a good day
Tectol