Tuesday, 21 April 2009

Beware what the long-term holds

Those bullish on the recovery should ask themselves this question: Since the present bounce originated from Wall Street and since US stocks are rising because of the government’s bank rescue plan, how strong will the recovery be once there are signs that the scheme may fail?

Monday, 20 April 2009

Stocks rise is bear-market rally, warns Roubini

The surge in global equity markets in recent weeks is a false rally because more financial shocks are in store and the US economy is weak, said an economist who predicted much of the current crises.

China Power Output Down 3.5% In Early April

The further decline indicates that consumption remains weak and further signs of economic recovery are yet to come.

How Deep a Hole Has the U.S. Dug for Itself?

It may take several years for the U.S. consumer to cut household debt to acceptable levels and the world would do well not to depend on resumption of spending as the way out of the recession.


Cosco rebounded from 1.05 support. It would be positive if it stays above 1.10 and hourly MACD crossover to attack upper BB.


Yanlord closing at 1.38, from the potential hourly MACD crossover and stochastic, looks good to attack 1.45.

Let's see if it can trade up within the channel after rebounding from the lower trendline today.

Sunday, 19 April 2009

Traders, Not Investors, Fuel Stock Rally: NYSE Chief

Wall Street’s stunning six-week rally has been fed more by traders looking to take advantage of quick swings in the market than investors with a long-term view, NYSE Euronext CEO Duncan Niederauer told CNBC.

China Expect Iron Ore Prices to Drop 40%

As the annual iron ore negotiation cranks up, it seems Japan, China, and South Korea steelmakers are expecting a 30%, 40%, even a 50% price cut respectively from the world’s three biggest iron ore miners.

Is this stock rally for real?

Market analysts are split down the middle