But since I am called an 'Analyst' I feel obliged to play the part, feign it, if you will please.
From all that I have managed to fathom, I reckon it is just the stimulous packages that are showing up and that we are still some distance away from setting the house in order. In other words, the systemic rot rhat caused the collapse in the first place, remains and might just rear its ugly monstrous head in the months to come. Sure another Leahman might not go down so soon in the day, but banks are still closing down in the US, and that is worrysome. Also, wherefrom will China, which is buying up most of the US treasury paper, generate enough demand to absorb the same as its own demand is, for a good part at least, export led?
In the short term, a correction, says the market buzz, is nigh well due, perhaps by the month end. The market might just go down to 14000 levels, before a slow upswing up to 21000 in the coming months.
Yet, a slew of IPOs is on the anvil, most of which are likely to be overpriced and therefore might just be discounted within weeks of opening, if not on the first day. So beware.
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