Today is the 15th April 2008. The stock market worldwide has bottomed. Wachovia reported unexpected loss today. This week Merrill Lynch and City Group will release bad results.
However Dow is holding up. Gold & Oil are down. Dollar vs Euro is up.
In Hong Kong, Lee Shau Kee bought $0.50 Billion of his company ‘Henderson Development’ 12.HK.
What does that tell you?
We can ignore the bad results from the earning season. Earning results are delay by four months and we all know last December was bad. They tell you nothing of the future.
The U.S cannot afford the dollar to slide further. Rumour has it they are pushing up the dollar. Lee Shau Kee knows it and so do people who are buying in the U.S. to keep the Dow up. Bottom line, something is happening and those who know are already buying.
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Want Want China 151.HK begin to explode « THECHINASTORY dot ORG // May 20, 2008 at 7:31 am
[...] Want Want manages to close above $3 because of the overall environment. Please read my article on Stock Market Bottom Out, Confirming Market Bottom with Volume, Bernanke stops rate cut to support the dollar, Bank of [...]
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