All the world stock markets seem to have gone up a little, with the exception of China, who's very impressive 9 percent growth figure released yesterday reassured the world that the economic Recovery remains on course.
The markets will generally trend upwards for the next few days, as Tom DeMark the highly respected technical analyst and author of several best-selling books on the markets, is predicting S&P Index will reach 1250 by this Friday. That means another 2 percent for the US markets to go up. But, please bear in mind, the market seldom goes up or down in one fell swoop, so it will probably zigzag generally upwards.
Dampers on the markets are the Spain downgrade, the 48-hour strikes against austerity and cuts in Greece, and the Eviction of Travellers in Dale Farm, Basildon, here in England.
If the world were to invest in Greek companies as medium-to-high risk and let Greece regain its economic bearings, maybe that could be the best solution to its problems,
together with a neat, long haircut on the debt, especially the 2-year bonds.
But the world is not perfect, so next two days are to observe.
Till next time.