Monday, December 08, 2008

Stocks Surge

Global stock markets are on the rise this morning as plans continue to come out specifying how governments are going to stimulate the economy.

China is looking into steps to expand the $586 Billion stimulus package already announced and India announced new spending after the central bank cut rates by 100bp. Here in the States it looks like the automakers are going to get a "loan" and that seems to have the markets reacting positively (who is next?).

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Currency's remain whippy but quiet overall. I expect increased illiquidity as the days progress. So keep your positions smaller as it will be hard to exit trades.

Good Luck and Good Currecny Trading



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