My post today is trying to provoke our thoughts so that we all don't have to think with one track minds. I sometimes use this half-full glass technique to keep myself out of trouble especially we are reading too many the end of the world stories. The word BULL almost disappear in a dictionary of many. Let's see what you can get out of this.
(1) Dow Jones Industrial Average / Closing
Nov 20, 08 / 7,552
Dec 08, 08 / 8,934
Change = + 18 %
A definition of a bull run is + 20 % from a low. That is just 2% away to fit that definition.
(2) Hang Seng Index / Closing
Oct 27, 08 / 11,015
Oct 31, 08 / 14,329
Change + 30%
Dec 08, 08 / 15,044
Change ( Oct 27 to Dec 08) + 37%
It has never pulled back more than 20% after the rebound. Technically, the bull run has started in Hong Kong market.
Whether this is a whimper-bull or macho-bull, is a different story.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment