Analyse de Indices 2008

Reminder : previous decreases of markets were foreseen (see previous memo).

 We are at a cross road close to a first full movement.  Next movement will be a continuation of a second downward movement or a new start and increase ?

 Although we have seen that the European markets are much more sensitive to a possible decrease MT that the US markets.  But at the same time, the European economy seems stronger, therefore really a strong question mark for the future.

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