Market Update 04/09 – 09/09
Well that was rather fortuitous. At the beginning of last week I wrote that I hate the month of September, and this has year been no different with some -6% knocked off the SET so far this month. Granted I personally may be influenced because I still remember the times of ’07 and ’08 regarding my hatred of September. Now what can we expect this week? Central bankerssssssssss, ECB already came out saying nothing, the BOJ is delaying future plans until their parliament is figured out and the Fed well that’s the kicker. Will they delay again? If so, bulls are back, if not, bears will coming roaring out of hibernation.