Tuesday, December 2, 2008

US stocks bounce back 4%

Markets in Europe and America bounced back after yesterday's big sell off. The Dow closed at 8419 while the S&P ended the session at 848. In a fairly bullish move, the market retested the 8100 level twice and rallied at the close. Indian markets rallied off their morning lows and closed down only 1% as the Nifty ended at 2657 and the Sensex at 8739.

I think there's more positive planetary energy this week, although I think Thursday in the US may be better than Wednesday owing to the closer Sun-Jupiter conjunction in the navamsa chart then. Also Wednesday's US close may be bearish as the Moon approaches Neptune.