Friday, March 27, 2009

My take : 2Q bear of bull ? Bull.

US data is showing sign that a recovery phase is ongoing. Housing data in Feb, like housing starts +22%, building permits +6%, new home sales +5% are very encouraging.

The headache of recent crisis are 1) housing 2) financials inst. Housing is improving and next we shall wait for finnacial institution 1Q result.

Are we in the middle of something sustainablity or just bear rally.

I think a very good chance to see bull market.

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