Equity markets around the world surged this week as encouraging economic data from the U.S. and China helped assuage fears of a double-dip recession. Manufacturing in China came in better than expected, thus, signaling that the world’s second-largest economy is in a healthy soft-landing mode. Confirmation of this relieving trend is evident across Asia as Japan’s industrial production beat estimates, India’s GDP increased 8.8% yoy in the second quarter, and Australia’s GDP gained a better than expected 1.2% qoq in the second quarter. Undoubtedly, this positive patch of macro news is encouraging.
Do you guys think the macro picture will continue to improve or not?
(No Ratings Yet)
Loading ...
This http://gccmarketanalytics.blogspot.com/2010/09/gcc-sector-analysis.html is a fine analytical blog.
[Reply]
I wouldnt put my money on it, my bet still remains on a bear market.. but good to hear there’s an improvement in the system
[Reply]
Keynesian Reply:
September 6th, 2010 at 7:51 am
I say goldilocks: not too hot, not too cold.
[Reply]
Keynesian
Looks like I made a half decent call back in mid March to your VIX post.
http://www.alphadinar.com/2010/03/18/is-the-vix-index-suggesting-an-imminent-sell-off/comment-page-1/#comment-7281
The VIX is in a bear market. It failed to hold 30, but at least gave it a decent try better than I expected it to!
May June bear market rally in VIX?
Stock market bears should begin shorting when VIX gets to 13-14 in my opinion, this year.
[Reply]
U got it half right as of now. VIX is sitting just north of 20 now. I personally would go long if it touches 15. We’ll see have to wait and see
[Reply]