end of the bear bounce friday

Hi All

Well if any one really thinks the market a big bull, here are two articles from the UK Independent (always worth a quick read).

http://www.independent.co.uk/news/business/news/japan-slumps-as-its-exports-sink-by-50-1654385.html

and

http://www.independent.co.uk/news/business/news/fears-grow-for-public-finances-as-gilts-sale-fails-1654384.html

Conclusions

1, Would you really lend money to the UK government at just 3.3% for 10 years. It looks as if the UK is running out of borrowing options. Will be a cheap holiday in a year or so.

2, Do you really expect the mining companies to hold on to the high iron ore prices.

I think not big time on both.

Enjoy the bounce and wait for the new lows to arrive.

cheers

PC43

PS Enjoying all the info chaps and lassies