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Monday, 31 de March de 2008 |
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Making an accurate forecast on where the market will move in the next
days is not an easy task. Last week we have assisted to a low volume
trading, with undefined movements and uncertainty. We can address this
moment as "the quiet after the storm", where investors wait for a more
defined sign before making the next move.
Has the storm really gone
away? US seems more solid, especially financials, FED is working hard
to establish a tighter control over them and lighter winds are blowing
on Wall Street. The S&P500 has power to move up and limit its
downside movement. Commodities are weaker today while equity indexes
have shown an impressive strength to recover from their lows. Is it
possible that money flows have been redirected back from commodities to
equity? Companies are publishing their results and this could be a good
opportunity to buy undervalued stocks.
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