Got to keep things brief this morning after looking at the headlines. China economic data that released yesterday was very pleasant, very sharp rebound in IPI shows that the world economy recovery is on track. Bank lending slowed down which is a good thing so that the rate of speculation is in check. Chinese consumer confidence is rising that translates into fast recovering retail sales is also comforting.
Things got even juicier when the Fed said they will maintain the low rate for an extended time. This has reversed the fear of rising rates and creating the right environment to unleash the animal spirit, well shall I say casino business is back? The low rates also spurring mega deals ........... buckle your seat belt and enjoy the ride.
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