Today, our market will be back in the game as the Dow Jones has reclaimed the 10,000 mark. . A spectacular innings by the cricket genius Tendulkar saw him cross the milestone of 17,000 runs, though it failed to get India past the finishing line. Back to the market, the bulls managed to labor enough to end the indices in the green.
There is no finishing line in the stock market one should set realistic targets; which must be reviewed and altered at periodic intervals. After having bounced back from the bear market lows, the market is going through consolidation. That explains the recent spurt in volatility. The trend might continue in the near term as the market figures out a future sans stimulus. Today, the bulls are likely to have a strong opening and hopefully a similar close, thanks to firm global markets.
US stocks rallied, buoyed by Cisco’s upbeat results, RIM’s buyback and encouraging economic reports on jobless claims and productivity. European shares rebounded even as the Bank of England expanded its debt purchase program. Both, the BOE and the ECB held their rates unchanged without giving any clues on withdrawal steps.
There is no finishing line in the stock market one should set realistic targets; which must be reviewed and altered at periodic intervals. After having bounced back from the bear market lows, the market is going through consolidation. That explains the recent spurt in volatility. The trend might continue in the near term as the market figures out a future sans stimulus. Today, the bulls are likely to have a strong opening and hopefully a similar close, thanks to firm global markets.
US stocks rallied, buoyed by Cisco’s upbeat results, RIM’s buyback and encouraging economic reports on jobless claims and productivity. European shares rebounded even as the Bank of England expanded its debt purchase program. Both, the BOE and the ECB held their rates unchanged without giving any clues on withdrawal steps.
