Market this week may see some bounce back.But now the market main problem is less volume.Less Volume is the biggest problem before seeing some bigger bounce back.
Local News : Local news are not even attractive.Inflation and industrial data also destruct the atmosphere.
For the day we rise with them and it was more Lehman Brothers and Goldman Sachs, which led the market back up yesterday and those numbers might have been a bit of relief. So the financials rallied quite hard and more than the 75 bps, I think that might have been the reason, why there was such a sharp 400-point rally in the market out there.
Generally those markets probably were a bit oversold and in the near-term were looking for a bit of a leg back and we have got that. Is it end of the pain? -I doubt it very much but atleast in the near-term we might get little bit more of a bounce. If this global rally intensifies over the next two days then we’ll probably, will not be able to react to it and these days things last only for a day or two. So you have got to take those rallies when they come, by the time we come on Monday who knows what the picture would be.
The Fed is trying it’s best to at least sentimentally support the market. Let’s see how far it is successful. For the moment I think we have got a bit of a bounce on our hands.
Generally those markets probably were a bit oversold and in the near-term were looking for a bit of a leg back and we have got that. Is it end of the pain? -I doubt it very much but atleast in the near-term we might get little bit more of a bounce. If this global rally intensifies over the next two days then we’ll probably, will not be able to react to it and these days things last only for a day or two. So you have got to take those rallies when they come, by the time we come on Monday who knows what the picture would be.
The Fed is trying it’s best to at least sentimentally support the market. Let’s see how far it is successful. For the moment I think we have got a bit of a bounce on our hands.
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