More so today, as on most days, people from all across the globe have read my blog, I'm thrilled.
Nowadays, in this age of mass instant communication, people look at the sound bites. Fast, chirpy words or gestures that sum up a lot seem to win popularity.
1) On Saturday there was news that Sheikh al-Thani of Quattar was investing $1 Billion in Greece, in gold mines.
Today, European Goldfields rocketed up 15 percent.
2) UK Chancellor George Osborne made a very impressive matter-of-fact presentation of his rationale behind the
Budget Cuts. The FTSE had been adrift 120 points. It gained back 70 points.
3) It seemed like the US market was set up for a fall. Last week, a technical analyst mentioned a price point for
Bank of America. Today, it fell below $6.01! As the Oracle of Omaha has invested $5 Billion of his funds in BOFA, i am really surprised. It must be a lesson in changing values, I guess.
Another analyst was reading the levels on a chart of the DOW. And sure enough, within two hours, the market moved
down. Really, it seems amazing. At the weekend I read that manufacturing had started to pick up in America, housing seemed to have reached bottom and there were record number of mortgage approvals.
But, silly me, people like to spook the markets so they can make money on the gyrations!