Overnight, the Asian markets made good gains, and both oil and gold made significant gains. The Euro has firmed, and technically we should see a Euro bounce. This morning, the European markets started firm but are showing signs of pulling back just over an hour into trading. The stock markets are not for the faint-hearted, right now. Today, we are waiting for more news, however the background news from Trichet and the latest UK housing report from Rightmove is, frankly, abysmal.
I will try to make more sense of this this evening.
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