US stock rise on drop of crude oil and US major company US steel crop reported best gain in seven years and a retreat in oil prices improved the earnings prospects for retailers and transportation companies.
That is a great news for the economy as oil price drops retailers, transportation etc would have higher net revenue. But is the fall in oil price permanent is the main issue here, right now US coporate companies reported profits have slumped 23 percent, that isnt a right catalyst for a rebound.
The search for market bottom is increasing near as one of the key economic indicator has already show signs for bottoming. The market sentiment confidence is currently at a 28-year low.
More information can found here
http://www.nextinsight.com.sg/
skip to main |
skip to sidebar
"It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price." " The secret of becoming rich was to be greedy when others are fearful and very fearful when others are greedy." Warren Buffett's Priceless Investment Advice
Site Meter
Chat box
Useful Links
Stock Index
Technical Analysis Site
Market News Media
Blog Archive
About Me
- FatBoySG
- I am a nobody with keen interest in stock market. I have been monitoring the market for 2 years and i am intrigue by the prospect of long term investment.
No comments:
Post a Comment