DJ Wilshire U. S. Retail Index...
DJ Europe Consumer Goods Index.
A potential blow off top!
Happy Birthday Iggy!!!
As Iggy Turns 60, Bio Recounts Sex, Drugs, Some Rock 'n' Roll (Bloomberg)
http://www.bloomberg.com/apps/news?pid=20601088&sid=atR0cO22pDRM&refer=culture
Chinese investors in share-buying frenzy (FT)
“This is definitely a bubble in the making – for most stocks, positive earnings growth has been priced in until 2009,” said Steven Sun, HSBC equities analyst. “At the height of the last bubble [2000-01], we saw investors opening 2m accounts a month, which is half the current rate.”
“Any money getting into the market now is not smart money and is coming from the kind of people who can least afford to lose it,” said Fraser Howie, author of a book on the Chinese stock markets. “That has to have the government worried about social stability.”
http://www.ft.com/cms/s/c080c96e-edd4-11db-8584-000b5df10621.html
Could be an interesting next few trading weeks & i will be watching a few new support lines.......
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