Thursday, May 8, 2008

Stock Market

With oil prices rising, and Dow Jones component AIG reporting 100% greater losses than analyst estimates, the market is looking difficult to stay in the black tomorrow. However, I am still optimistic.

Today's jobless claims data was very positive and the overall daily rises in oil prices has actually been decreasing. On top of this, both the Fed and the Bank of England have decided to hold interest rates steady, suggesting the world economy is turning around.

Right now appears to be a great time to jump into the market. I've just sat on the sidelines and bought in during big down days and selling on the inevitable pop a few days later.

Try it out.

1 comment:

Anonymous said...

Have you made more money since the last update?