Short Term Trading Member Forum

[Huluriasquias]

>>>>>>>>>>>>>>>
This market has dollars to put to work for somee reason
<<<<<<<<<<<<<<<

RCKS,

this could be one of the reasons. (Anticipation of all that money coming in soon)

H.


Dennis Slothower, the editor of a newsletter called "On The Money" pointed out Friday that Quote:
the China Banking Regulatory Commission, in an attempt to cool its overheated stock market, had ruled that Chinese banks "can now invest as much as 50 percent of funds in overseas stock markets." Slothower calculates that this means that "up to $2.3 trillion in China monies ... can now move out of China."

To put a sum like that in perspective, consider that the total value of all publicly traded stocks in this country is around $15.1 trillion, according to Wilshire Associates. If even a modest fraction of the $2.3 trillion makes its way into U.S. stocks, we could see a "further parabolic advance in equities," as Slothower puts it.


Story from: http://www.marketwatch.com/news/story/mark-hulbert-huge-influx-chinese/story.aspx?guid=%7BC58901E3%2....


(taken from a post by gloe. Thanks gloe!)