China’s consumer bailout is having positive effects on world markets this morning.
As usual, we have a trading opportunity, but be quick. SSO is the choice for an up market move.
Everywhere we look people are loosing jobs, earnings estimates are too high, retail shops struggling or closing, restaurants shuttering, governments taking on massive debts as well as ownership of operating companies.
And how about the smiling auto execs in the WSJ photo this morning. Almost made me gag.
Oil is up and I will be concentrating on PBR and CHK. Rumor of a CHK buy-out seems to be quieting but could prop the stock a little.
