Friday, 27 March 2009

Trillions

Well despite the trillions thrown into the pot by Obama and pals, FTSE resolutely refused to hit 4000. Dow transports were up 34%-including an 8% rise yesterday- quite why is a mystery in an economy that is contracting, sales of goods are down so who is buying the index? Personally I need this to be froth and a bear market rally that is turning. March has so far managed to kick me in the privates more than I feel I deserve. Usually repeated failure at a level means a drop- triple and double tops are quite reliable. G20 next week and who knows what that will produce.

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