There is an eerie feeling for the initial night of buying and selling following the G20 summit. The Nikkei markets are up, but the yen is quickly losing steam, and is near to dropping beneath 81 on the yen/usd index.
Now they are looking for the deep reason for their failure, in hope that their attempts will not turn into vain any longer. However, the most urgent is that elevating the spirit of the team. With out it, no matter what they do, it is no use.
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The modest actions Friday could merely be that investors are “a small bit tired,” said Paul Zemsky, head of asset allocation at ING Investment Administration. “The fundamentals would indicate we should be higher.” Stocks have been on a regular climb for almost two months. A pause, particularly subsequent strong earnings the past few times, “is absolutely all-natural and perhaps even expected,” Zemsky said.
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