China raises mood …
Today’s news release :
BEIJING (Dow Jones)–China’s domestic banks can invest their clients’ funds
in the U.S. stock market under an agreement with the U.S. Securities and
Exchange Commission, the China Banking Regulatory Commission said on its Web
site Monday.
The agreement marks a further expansion of China’s Qualified Domestic
Institutional Investor program, under which qualified financial institutions
are allowed to invest in overseas investment products.
China already allows banks to invest in Hong Kong, Japan, the U.K. and
Singapore under the scheme.
DJ China OKs Local Banks To Invest In US Stocks,Funds Under QDI
2008-04-07 04:28 (New York)
Copyright by Dow Jones Newswires
This news let markets POP …
The fact … even optimistic studies see only an inflow of ONE-DIGIT-billion-$-amounts in a year.
If that is the reason, the rallye will die rather sooner than later 
Good for the PPT … so they can get rid of their stuff ahead of the earnings season
April 7th, 2008 at 09:47
Oli …. so lets buy the market and sell if you feel that’s not working because of missing further buy pressure and “surprisingly” sells from investors on higher prices out of the markets. That would be the positive action what investors can do in these bearish markets only. SELLING RALLIES !!!!
So lets wait for new good sell signals with very successful outlook … Maybe we have to make holidays for 1 week
.
Regards.
Mike
April 7th, 2008 at 09:49
yepp … still the way, bear markets trade