where will this end, page-15

Hi Kahunaj,
hard to determine what to make of 2 hours of buying when we've had 14 months of selling virtually!

The markets have certainly been done over like a dinner and at some point we'll see some light, if this is the actual turnaround we won't know for a while.
Just as the selling was probably overdone, I think the rally in GBG today may be slightly overdone at this point of the day.

Overall though, globally the sentiment towards commodity and resource stocks is still negative but the initiatives from the US meetings and in Australia from the Gov't over the weekend, have lifted spirits for sure. It was the banks and REITs that brought the DOW back on Friday and globaly, commodity and base metal prices are still indicating more falls. The Finance sector will be the one to lead the markets out of this gloom and the outlook for that sector has improved after the weekend meetings.

Denial on Friday suggested a change in spirits was possible after the meetings. He looks on the money.