yes, 3 more trading days before the China market shut down for a week.
Meanwhile, Asia markets hold on to gains.
China 4Q GDP slows to 8.9%. And the China government declares that they are on track for a economy transition. According to my department economic forecast for China, the 2012 Quarterly GDP is going to fluctuate between 8.1% to 8.9%. Nothing to fret about.
Eurozone is possibly entering 0 to 0.5% growth in 1 Qtr. While US growth may hover 2%.
So it is not all gloom and doom. The Greece debt would resolve itself 'as usual' in March. That explains why market is holding up, especially in front of 22-23 FOMC, when all pigeons are on board.
Buy into dips and put on trailing stops. Expecting SPX to move into 1320-1330, my target published week ago.
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