News. Feb. 22 (Bloomberg) -- Asian stocks rallied from the biggest decline in two weeks after a smaller-than-estimated increase in U.S. consumer prices eased concern the Federal Reserve will increase interest rates.
BHP Billiton Ltd., Australia’s top oil producer and the world’s largest mining company, gained 2.3 percent after metal and crude oil prices rose.
My thoughts. Commodities are strong in Asia. This is good news for our markets tomorrow (Monday 2/22/10). I wrote several times that our stock market has been closely correlated to commodities since 2002. It is nor supposed to be this way. But it is now.
Well, whatever the reason, we will make money (if commodities stay strong).
George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked Top Market Timer in 2009 and 2010 by Timer Digest
To find out more about my in depth views of the markets and my strategy just visit our website https://www.peterdag.com/ where you can review The Peter Dag Portfolio. You can also call me at 1-800-833-2782 to discuss your specific money management needs.
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