US market tracking Blog Dr. Warren Huang

It is premature for US markets to use rate cuts, Microsoft-Yahoo merger, ExxonMobil to bottom fishing for financial, construction stocks.
This housing price slump will continue into summer, despite rate cuts.
Most mega merger at peak of asset bubbles facing burst
and lead to huge loss, repeat 2000 IT bubble burst,
Look at CSCO, Citi, AOL endless lists.
US dollar strength is supported by rising oil, commodities prices and soaring inflation, eventual rate hike, EURO rate cuts due to slowdown, supporting near term dollar weakness.
Global construction demand will be drag by US housing
price slump resulted economic recession and global stock market decline resulted housing bubble bursts in China credit tightening, India, UK.
China recent snow damage will recover easily.
www.osawh.com/fund2008.htm 
Comment by Warren Huang on Wall Street Journal Markte Beat Blog- February 2, 2008 at 3:01 pm

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