Another month survived :)
Pull all strings FED made it possible … the market survived another month 
even bouncing 
And still in bouncing mode … despite bad GNP figures out of the US today …
It is still an uphill battle, but we should see new highs … S&P above 1291 … DAX above 6616
After running out of steam above that … early next week? … we should see another try to the downside, which then will show us, where we will have our next “bigger move”.
Still the downside looks the better choice … BUT it starts … in some sectors … looking cheap …
House prices have in some parts reached levels of 5 or even 10 years ago … which is becoming attractive …
at least, if you want to live in that house and you have a long term financing, which is small enough to keep you breathing … even in worse economic times …
Have a look …
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Banking shares … after most of them lost more than 60% … even them … NOT ALL … look on the brink to being a LONG TERM investment … I expect them to move “sideways” for a longer time … but at least … I won’t short them anymore … ok MAYBE intraday
Look here … banks in Europe …
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So … let’s get the payrolls out of the way and let them buy the bounce … we ride it and take our profits 
Tags: BOUNCE, FED, financials, housing, outlook
