Market Update

Interesting markets today and last Friday. Friday the markets were having a big sell off on all sides. Today the equity markets recovered on some hopeful news, but a lot of commodities and precious metals were taking a nosedive and continued there sell off from last Friday.

It is somehow interesting that the equity markets are up, while commodities are down big time. At the same time the talks of a global recession and US fiscal cliff are increasing and than some positive news like the rise of US retail sales dominate the market.

There is a huge contradiction going on, with bears getting more bearish and bulls getting more bullish, which can mean that we are close to a major market direction change, but we might get much more clarity after the US election is over at the end of the year.

In the mean time enjoy a couple of articles:

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