Why Spoil the Party With the Fundamentals?
Today's investor community does not seem to mind too much chasing over-extended valuations as it bows down to the holy grail of price momentum
Highlights
• Fedspeak drives yesterday’s reversal in equities
• Keep an eye on non-performing loans, with the banks set to report
• State unemployment data say half the country is in recession
• More disinflationary signals — global food prices fall for the fifth straight month
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