Hong Kong stocks are up for the year.
Australia reports a strong trade surplus with exports UP. FT: "Despite weaker global growth, Australia boosted rural exports, particularly wheat and meat, while metals and minerals sales rose 3 per cent. A 55 surge in gold exports to A$784m, was offset by gold imports worth nearly the same amount."
Copper prices are moving up.
I wonder if Q1 will be seen as the end of the recession? This is possible as huge amounts of stimulus are flowing now.
Yesterday was a strong up day, which was a bit surprising since futures were down early. Futures are up strongly this morning as of 5AM ET. Europe is up strongly. Asia markets were up.
Many hedge fund withdrawals filed early this year have been canceled [source - FT], leaving the beefers with surprisingly more money to invest.
What would surprise everyone? A rocket shot to Dow 10,000.
I'm not predicting this, but few are positioned for it. My Obama Fund is, as is my Fido Fund, but ... I've been an incurable and quite wrong optimist for months as the panic unfolded.
I'll be deploying new money over the next few weeks. All will be going to stocks or real estate, which are the two areas my Krypto Fund model says are quite underweighted.
Word of the Day
"Conjure" verb [$10]
I concentrate on an old usage pronounced with stress on 'jure', not the usage related to magic, etc., which is pronounced with stress on the 'con' syllable.
Conjure means (in this usage) to appeal solemnly to [a person, group].
Sentence: Bunkerman conjures G20 to regulate hedge funds strongly.
Le Mot du Jour
"Compter" - verb, transitive; regular -er conjugation.
Compter means to count, to intend, to expect to.
La Phrase: [from today's Le Figaro] Les 20 chefs d'Etat comptent également imposer pour la première fois une supervision aux fonds spéculatifs (hedge funds).
Sentence: The 20 chiefs of state intend as well to impose for the first time a supervision on speculative funds (hedge funds).
I chose this sentence from Le Figaro as it makes clear that the French words for "hedge funds" is "hedge funds". This is clear from the title to the application paragraph: "vers une supervision imposée aux hedge funds." meaning, "towards a supervision imposed on hedge funds."