Today,the trend will hopefully become clear over the next few days. Stay
cautious and guarded as trading at this juncture is really risky. Plus, we
have the usual worries over slowdown in world’s largest economy. Oil
prices are also hovering around USD100 per barrel mark.
U.S. stocks staged their biggest rally this month after S&P kept AAA
debt ratings for the nation's largest bond insurers, easing concern credit
losses will extend the worst earnings slump since 2001. We also have
the announcement of railway budget. So, get ready for another topsyturvy
ride.
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