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Market Roundup - 20th March 2011
However, we are not hanging up our bear suits just yet. A significant technical warning sign is currently flashing in the shape of divergence between the Dow Jones Industrial and Transport indices. We are great respecters of Dow Theory so we are keeping our powder dry.
On the positive side, our short Japanese Yen play is finally gathering a head of steam ably assisted by the BoJ's decision to increase their QE program by 50%.
Yes, ladies and gentleman, they're all cranking up the printing presses.
Can it really be that simple to pull the world economy out of recession?
Kevin Barry of the Traders & Investors Club discusses his market positions for the month ahead and presents our regular summary of the recent global market action.