March 26 (Bloomberg) -- Asian stocks rose this week, leading a regional benchmark index to its biggest gain since November, as Japan made progress stabilizing reactors at a nuclear plant crippled after the nation’s worst earthquake. March 26 (Bloomberg) -- U.S. stocks rose, giving the Standard & Poor’s 500 Index its biggest weekly rally in almost two months, following corporate takeovers and higher-than- estimated profit forecasts as well as easing concern that Japan’s nuclear crisis will curb global economic growth.
Global markets loved the bad news: Japan, Syria, Egypt, Portugal, Spain, Yemen, Saudi Arabia, Ireland, Greece,soaring food prices,.... All these bad news is good news for the markets. Why? Because central banks print money to cushion the economic damage.
We need more bad news. We have to start worrying when things are doing better. Like our economy that seems to be doing OK. GDP up 3.1% in Q1.
We have to start worrying when the Fed tells us the economy is sound and they stop printing money. Enjoy as long as it lasts.
George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked second best gold timer 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 subscribe to The Peter Dag Portfolio. You can also call me at 1-800-833-2782 to discuss your specific investment portfolio.
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