Wednesday, June 25, 2008

Plenty Of Cash

There is no lack of money out there as Barclays is proving with their friends looking to invest in discounted banks. In fact the world is awash in cash due to expanding economic growth up till now and continued commodity market gains. The current price play in the indexes is a potential bears dream but the slightest shift in attitude could change it all quickly. The bulls hope some of the change will begin as the Fed holds rates steady but warns of the dangers of inflation. Underlying attitudes still look at these indexes as a battered uptrend as they hang above March lows.