Monday, November 24, 2008

Rally have no legs: It is a ghost?!~

If you still wondering why a rally of close to 500 points last Friday at Dow Jones has no impact to Asia markets, then you have not read/hear/watch any printed media/radio/TV this morning.

Here is three lines for you from ST today:

Any Asian rally today likely to be short-lived with sentiment still fragile amid tensions

Regional markets will enjoy an obligatory knee-jerk rise today and give them another opportunity to get rid of their stocks at a higher price.

Few traders expect the stock market rally to have legs.


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