Monday 2 May 2011

Why the Bin Laden death likely marks a stock market top « ArabianMoney

The euphoria in the United States about the killing of Al Qaeda chief Osama bin Laden in Pakistan earlier today is likely to be followed by a final surge in the stock market, but that could well be the top of this rally.

As the sensational news broke just before by a late-night statement from President Obama, Americans celebrated in the streets outside the White House. Stock futures indicated that Wall Street would celebrate too by opening higher, with a flight from safe haven assets like gold, silver, oil and bonds.

1 comment:

  1. In a sense the raise of stock price sounds reasonalble, but if I am in currency market, I would rather be in Short position, Selling posion!!

    http://blog.naver.com/hanafx

    Steven S Ahn

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