AI
Wednesday, January 17, 2007 7:10:45 PM
DW, you need to check the situations at the time of posts and consequences afterward.
If you take a look the week after the post, NDX dropped from 1533 to 1446, then trading side way for a month.
At the time of post, those conditions "current unstable global political situation, high oil price and keep increasing interest rate" are true. But the market responded to the surrounding change.
After the Federal Open Market Committee decided on August 8, 2006 to keep its target for the federal funds rate at 5-1/4 percent, the market started its turn around.
http://www.federalreserve.gov/boarddocs/press/monetary/2006/20060808/
Remember, market is not static but dynamic and responds to its surrounding changes.
If you take a look the week after the post, NDX dropped from 1533 to 1446, then trading side way for a month.
At the time of post, those conditions "current unstable global political situation, high oil price and keep increasing interest rate" are true. But the market responded to the surrounding change.
After the Federal Open Market Committee decided on August 8, 2006 to keep its target for the federal funds rate at 5-1/4 percent, the market started its turn around.
http://www.federalreserve.gov/boarddocs/press/monetary/2006/20060808/
Remember, market is not static but dynamic and responds to its surrounding changes.
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