Sunday, June 17, 2007

The Night Before Monday

...and all through the house...

Asian stocks rallying on their monday and the reason du jour is because of last week's tame US inflation numbers.

We're in the week after options expiration, which according to the playbook might be a little weak since options week was strong. The mood and sentiment on stocks is very bullish, with last week's Investor's Intelligence numbers showing the highest number of bulls in a very long time.
clipped from www.smh.com.au

Asian stocks rose to record highs on Monday led by exporters
such as Canon after tame US consumer price data soothed worries
about inflation in Asia's top export market.

Japan's Nikkei average rose to its highest level in more than
three months while the MSCI index of Asian stocks outside of Japan
hit a record high.

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