Tuesday, August 03, 2010

Is It Expectations For QE That Drive The Markets Now?

From the house of Nomura today:

We are raising the weighting of HK to Bullish from Bearish as we expect QE measures in the US to be re-introduced. We are lowering our Bullish call on Singapore. An expansion in the balance sheet of the Fed ought to mean a better period for financial markets in HK.

Richistan needs higher asset prices ...

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