morbius glass

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Global markets rally on a Citigroup internal memo!

Posted by Adrian on March 11, 2009

Crazy trading in my opinion, still markets jumped mostly from bank related stocks. But a brutal bear market will remain, then will get the graveyard market. Bargains are there, still looking oil exploration and oil storage companies (long term as far as stocks go). But a bottom is months away, these are bear market rallies. Citi bank is a zombie, the price ($1.45) and bank are a joke – I’d still short that junk company.

China is going drag equity markets down with their terrible export/trade figures (news out today).

Check the Aussie (5min graph), what a sell off (although staging a slight recovery):aud

*morbius glass does not give investment advice. Trade at your own risk


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