Wednesday, May 27, 2009

NASDAQ... it keeps going & going & going

Now, just like the Bursa, the NASDAQ is like the Energizer bunny. Last week it was down, and just yesterday after Memorial Day, it bounced up. Everyone expects the economy to improve barring surprises coming from the financial sector. There must lots of cash parked outside and needed a place to go for those with 2-3 years investment horizon. Even the technical chartists have been scratching their heads as to how long this up wave will last.  The worse is yet to come.
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