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Bear market territory. Says who? Italian bloodbath next week?
By Patrick See  •  November 4, 2011
(Posted Sat 415 am, weekend read)

Bear market territory, says who? That is history since October 4th!

In fact, the US benchmark indices: Dow and S&P are in bull market territory. The measurement for correction and bear market are 10% and 20% respectively. Hence, the Dow and S&P which reached 12,000 and 1,290 last month had more than 20% gains since the first week of October.

Similarly, in HK, the low was around 16,000. The high recorded recently was 19,200. Similarly, South Korea, Indonesia, etc have risen 18-21% from the low in October.

At time of posting, Singapore time Sat, 130 am, "the Italian FM warns the PM, If You Don't Resign, There's Going To Be A Bloodbath In The Markets On Monday" (We really don't need this. The Director of ths EU saga needs to be shot!) This will make a count of TWO (resignations) in total if the ...

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By Patrick See
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