Yesterday spectular rebound,is due to rumours the FED will kick start QE3,"Benny Student guessing game" http://www.smh.com.au/business/markets/shares-roar-back-amid-talk-of-qe3-20110809-1ijzf.html
But his master said,"You are own you own now".But he will keep interest rate low for the remainder of two years.But the problems is interest rate had been 0-.025%,since 2008.(unemployment still 9.1%,nothing change)
Yet the Dow rallies strongly,:):(
On the back of market turbulent we missed out on China inflation data.Which is a stagering 6.5% and one would wonder if the Chinese jacking up the rate again.
All where will this bounce lead us to??Nothing is solve,since the Fed said the economis is slow down and in Europe there is alot of PIGSS.hihi
