Thursday, April 06, 2006

Hang Seng Index becomes a crazy horse

Hang Seng Index rise 311 pts, CEI rise 109 pts today. Turnover is a record high 456B.

388 rise 10%, 2899 rise 6%, 857, 386 rise neglect the negative news of china government charging 暴利稅. The rise is all over, but without a good supporting reason.

Gold is reaching USD $600, now around $595. I expect #2899 should reach $7 very soon, chasing #358 (now $7.2).

Generally all stocks has risen to a quite expensive level. I have some cash on hand but really have no idea & guts to buy any more stocks. On the other side, Im considering buying EUR or sugar related stocks. Im sure US dollar will turn weak by the end of the year, buying EUR is a good bet, heading $1.3 in the long run.

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