Almavorism: "Here, now, me."
If the prospect of a U.S. military intervention in Iran started to appear as inevitable, the market's first reaction will be to sell shares and buy oil," said Axel Botte, strategist at AXA Investment Managers.
Yet, Botte said that the prospect of military action might be followed, as happened with the U.S.-led war in Iraq, by a relief rally once the intervention has actually started. He added that this remained speculation so far.
By late Thursday morning, the FTSEurofirst 300 index of pan-European blue chips was 0.1 percent higher at 1,366.24 points, showing gains of 7 percent since the start of the year but still standing 1.6 percent below a near 5-year peak of 1,387.50 points set earlier this month.
Next week will get off to a very quiet start with most European stock markets shut on Easter Monday, but earnings should provide a focus for the market later in the week.
I'm so happy that "The valuations are still not a problem, earnings remain strong, M&A is still in the picture, interest rates in Europe are still not a threat" and I'm sure everything
will continue to be rosy~^^ (not)
(overpopulation...overextension...lack of care, of quality (Pirsig, Zen and the Art of Motorcycle Maintenence)...fear...control...domination...in this way the Almavore will spread horror throughout the land...said in 2005, May) |
