Hey folk
lets check out on some news
Here are some of the links that the FED said:
http://blogs.wsj.com/economics/2011/06/07/feds-fisher-qe2-bond-buying-ends-in-june-as-planned/ - End of QE2
http://news.yahoo.com/s/nm/20110607/bs_nm/us_usa_fed_fisher - expect unexpectedly robust growth in 2nd half of the yr.
http://www.marketwatch.com/story/us-stocks-rebound-as-mergers-sweeten-sentiment-2011-06-07 - U.S. stocks pushed off perch by Bernanke
http://www.marketwatch.com/story/china-stocks-set-to-rise-as-tightening-ends-hsbc-2011-06-07?link=MW_latest_news - China stocks set to rise as tightening ends: HSBC
You can see the economic recovery is never a straight line. You can see things are slowing down but expect better progress in H2. You can see China policy tightening ends, which would take a few months to take effect.
However the news can speak, from technical analysis i believe that we do not fall in love with the downside. Fundamental always appear on the chart first. The drop now may mean bad news, but it also mean good bargain.
