Hi highlandlad It's really nice to read the following words in your afternoon address and summary:
Blue chips spearheaded a rally on the ASX
Ideally would like to see a rally on Asian markets today, leading into the same across Europe, followed by flow on to the US, allowing Facebook, yes Favebook to make a positive move after a dulled debut on friday
But the FB rally isn't about the product or the hype, it's about the sentiment that sits behind the US market. Americans love their hype and heroes, and a sentimental rally is exactly what the markets need right now. Disturbingly it's this kind of thing which could inspire a rebound in sentiment
We need 1-2 weeks of sustained rallies, support and confidence to back up any kind of real buying from the bulls. It will happen, we've seen it on countless occasions in the past even when things seemed to be at their worst, or once we'd resigned ourselves to seemingly endless disappointment
