Thursday, 01July 2008, (DOW, what is next), I wrote and first posted in Blog after getting a suggestion from our senior Mr Venkat……………..thank u sir……….
Now at present juncture DOWJONES covered its losses after the fall from the area it given a technical confirmation (pls go through the page).
Now the question is where it’s heading, for a new high, near the all time high or what?
QE is giving enough support, banks and corporates are in good shape but housing sector still down, employment also not gathering pace, unemployed are more, as a whole lack of any solid clue of growth but for hope nothing will worsen and huge fund with fund managers, ETFs’, index funds, it’s a rally as market is showing surprising strength (corporate earnings on the way).
Worrying situation is global geopolitical condition, economic power shifting leads to currency war even points to geopolitical tension, which can be worsen anytime and can make panicked. Soaring commodity prices (one reason is mother’s slap for spoiling balance) threatening inflation and in emerging countries it’s already showing red eye and pressuring growth.
Surprisingly all this points attracting investment in COMMODITIES, specially in metal sector. So wouldn't it be like ‘Hero Honda Ad’…… ‘Fill It and Forget It’(?).
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