It was a shaky week for the markets

2009-05-18 11:42

It was a shaky week for the markets, but it ended with the bulls coming out on friday in response to the US consumer confidence report. So is the worst of the crisis over? Is it going to be buy, buy, buy, from now on?
This year we already had a huge drop in January and February and an enormous rally since then. Since the beginning of the World Top InvestorsĀ traders only saw the markets going up.
Unemployment in the euro region continues to climb which could affect the euro. Commodity prices are moving up which is supportive of the Aussie Dollar. Most of the commodity based currency are performing well versus the US dollar.
We are coming to the end of earnings season, less than 20% of companies have yet to report.
This week there was no change at the top in the World Top Investor competition. Mariusz Ganczar is still first with now gains of over 200% while still trading the Polish currency pairs. Portuguese Helder da Silva also remains on the second place with gains of 148% trading CFDs of the Portuguese market.
The top 10 participants of the WTI competition are making outstanding money, let's see if there is a foundation for a long term bull market in stocks, or if in the contrary this is just a pause before a new decline.

 

 

 

 

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