Posted by: Armel | November 15, 2008

What Goes Up, Must Come Down..

                               $ 

WHERE’S THE “PROMISED” BOTTOM ?

So for the last couple of weeks, it seems that the market (DJIA) gives up every gain it made from preceding sessions. It’s almost automatic now ! Is Wall Street trying to trick you to get back in during this bear market? LOL (!) All I know, is that the resistance line moves lower everyday and the artificial bottom is called to new levels every other week…

So can someone tell me where’s the difference between projections for early 2009 growth from high street analysts, and African Finance Ministers who keep rejecting the notion that the Financial Crisis would not have any single ripple effect on the African Financial system as a whole ? I don’t know what type of data they are looking at, but we’ll find out soon enough..

Armel Njeunou

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