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GalaTime
A blog about Indian Capital Markets, by Kaushik Gala |
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Now that’s what I call a turn-around:
Do note the simultaneous 50bps rate cuts by the US Fed, Bank of England, ECB as well as Swiss, Canadian and Swedish central banks. European indices were down 5%+ earlier today, but are now in the black.
Rock on!
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DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.
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