Hi HLL,
I'm unconvinced about last night's buying on the US markets. Something doesn't feel right when a rise in India's stock market would actually stimulate the World's largest economy like that. Any stockmarket that can rise 17% like that is obviously an unstable cog in the World's economy. And then to buy on the back of that? The housing figures I guess would be more of a reason to buy ...I guess. Apparently you can still buy a whole street for under $1mill in Detroit!
My view is that there will be some follow through tonight (hard not to with such a solid night's buying), then a pull back.
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