Re: Tyhee - higher or lower next week?
in response to
by
posted on
Oct 12, 2008 02:33PM
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Who knows, but I certainly would hope up.
I am concerned about the market though . I had high hopes of G7 being the backdrop for Paulson to do something brilliant, but most of the action items I have read were finalized before G7.
Europeans rushed back to Europe and have issued many press releases on their plans tomorrow from several countries. It looks like they are moving forward rapidly and to some extent more cohesively. The USD is down in Asia trading for Monday showing some support for another currencies. This may be the backdrop for the new weakness in the USD and strength in Gold.
Any other takes on G7, US plans, EuroLand plans for next week and markets? At this point only confidence will move the markets. Fundamentals and Technicals are meaningless.
SilverNut