This is from Mrs Bloomberg's early morning gossip :
Stocks in Asia Face Rally as U.S. Equities Recover
Asian equity markets set to recover losses in global rout
U.S. shares rallied and investors bought heavily sold sectors.
Australia’s benchmark opened higher after a 3.2% tumble Tues
futures gain 2% on Japan’s Nikkei 225 Stock Average
Hong Kong pointed higher.
S&P 500 Index leading 1.7% advance.
U.S. share volatility down 20%
favorable conditions that underpinned stock market rally last year largely intact
global expansion, corporate earnings in acceleration mode
slump left markets from Europe to Japan in oversold territory
My comments : Ok folks. The scare is over. Looks like a minor hickup. The bulls should be charging today. Happy hunting.
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