“Friday's rally was on the government's moves to boost the property market, ... But whatever the government does, the stocks have already moved ahead of the news so it's not surprising that they are being sold off on the news.”
“Hutchison should also benefit from news that India is to open up its domestic telecommunications market as the company has been expanding there pretty rapidly,”
“Worries about an interest rate rise have virtually disappeared, the consensus is now that the Fed won't raise rates, ... Volume is a bit better than yesterday but most of the buying is in half a dozen stocks. Unless we start seeing a broader rally on more volume we can't be convinced that we're out of the woods yet.”
