So is the bull Really back ?
Recently positive activity on the market , foregoing the small plunges are certainly indicating a more positive trend to the market.
We certainly got scrooged when brokers and pundits were giving us the buy , buy , buy signs well into the start of the bear market when it all began. And many people lost their hard earned money on that buy signals . Did the pundits get it wrong ??
Well now we are on the move upwards for quite some time and there are more brokers pundits and analysts saying Its still not looking good and its a bear trap.
Are they right this time ?
Trading is all about getting in at the right time and getting out at the right time. As we all know the stock market definitely starts to recover before the property market and normally the stock market recovery is the first signs showing the economy is getting back to normal.
I’ve been watching Westpac , RHG and Harvey Norman and rhg seems to be rocketing through the roof past couple of days. That could be a Money maker , i would keep an eye on that stock , specially as it is part of the Westpac group.
IN TODAYS NEWS
Australia’s S&P/ASX 200 Index slipped 0.6 percent to 3,867.10 at the close in Sydney. New Zealand’s NZX 50 Index gained 0.4 percent to 2,831.36 at the close in Wellington.
