With the U.S subprimes literally eating up all the gains that all of the world stock markets had made for the last few weeks,finally we have started seeing the Bulls cracking the whip all mover the world.of course with things the way they are it is going to be quite some time before everyone agrees that the Bulls are back and that the Bears have gone back into hibernation.
The Indian stock markets have improved smartly and so have the rest of the other world markets.what is more,the PNB Paribas bank that started off the whole mess have come out with a statement saying that they are not that exposed to the U.S subprimes.so this may have bolstered some of the traders confidence levels.but such sways in the market seems to indicate that the Dollar is weakening and it is only wise to note that fact and search for a new global currency.until now everything was pegged to the Dollar but of late many central banks have delinked from the Dollar and have linked up to the Yen.the outlook for the future is a weak dollar and a strong yen!but will the Bulls still stay around for that??
japan,united states,economy,bulls,
Monday, August 20, 2007
The Bulls crack the Whip!
Posted by scorpius at 8:57 AM
Labels: economy, finance, japan, stock markets, united states, yen
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