Wednesday, February 13, 2008

US Market Summary 12 Feb 08

Dow 12,373.41 +133.40 +1.09%
Nasdaq 2,320.04 -0.02 -0.00%
S&P 500 1,348.86 +9.73 +0.73%

Billionaire investor Warren Buffett's offer to help insure municipal bonds assuaged some of the broader market's credit concerns Tuesday, but the troubled bond insurers may have little interest in extra coverage for their best assets.

A sharp recovery from the US Market would see the same thing for Asia markets as well. We may possibly see the same recovery strength for HSI too, and STI may stretch the rally until 15 Feb which is Budget day.

Pennies will continue to run today, go in and exit fast for a quick punt. Do not take overnight positions as retail sales figures may sink US market tonight.

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