Wall street managed to close in a smart gain.It was a second largest gain ever and could spread to other markets also.There is a news that there could be a rate cut in near time.In the new mood all asian markets starts with 4-5% gain.
We dont believe that wallstreet is in a recovery mood.Still there is room for downside.Just compare what happend in last two days economic datas, these data s shows U S economy is in a bacward action.
Posted by
SREEJITH T G
at
8:17 AM