General observations and ramblings on technology, social-media & other things... Feel free to browse through my posts and enjoy your stay on my blog ;-)
Wednesday, October 29, 2008
Big price rises!!
Hehe, no chance... what we are seing in the market for past 2 days (28th-29th October) is overvalued madness. Apparently the 10% up on the US markets was beeing credited to planned US interest rate cuts expected later today, however financial commentators lacked enough factual explanation to justify current market behaviour. Recession is underway with a lot of bad quarterly reports and it is pretty clear that whatever interest rate cuts will be, tomorrow (very latest by friday) we will see more strong drops on markets!
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