2008-12-08: Pre-Market trading good
As we get ready for another week in the markets, it bears noting that stock markets are notoriously able in shrugging off news (both good and bad) and moving as if to their own drummer. Today could be one of those days, with overseas markets up 4-6%. The Pre-Market figures look good in the U.S. as well.
I had heard that Asian markets rallied on the back of optimism about Obama’s stimulus plan, but one has to take that with a grain of salt. Markets rally often just because they rally.