In our last issue of The Peter Dag Portfolio released to our readers on 10/10/08, I said there was -- finally -- some light at the end of the tunnel.
Today the market jumped more than 900 points (11%) in response to the massive injection of liquidity planned by the global central banks. This is how the markets responded.
--- Global stock markets soared.
--- US stock market soared.
--- The dollar was weak.
--- Commodities were strong.
--- Gold and crude oil rose.
--- Bond yields rose and bonds tanked.
Do you see the pattern? Compare it to what happened in previous rallies (see below). Enjoy!
More, much more when you subscribe to The Peter Dag Portfolio by going to https://www.peterdag.com/.
George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977
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