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Asian Stocks Rise as Index Enters Bull Market; Elpida Surges 0 b+ S; s; s' D( }. y" z
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By Hanny Wan and Masaki Kondo! ?1 |, T: X: R' D, N9 w' w
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March 26 (Bloomberg) -- Asian stocks rose, with the region’s benchmark index set for its best month since 1998, as better- than-expected U.S. economic reports fueled optimism global growth is responding to government stimulus measures. / v# W8 U1 D! O$ S) wThe MSCI Asia Pacific Index rose 1.1 percent to 85.21 as of 1:26 p.m. in Tokyo. The index has rallied 21 percent from a five-year low on March 9 on speculation the worst of the financial crisis is over. A gain of 20 percent is the technical definition of a bull market.。。。
Well well well, i hope any sophisticated investor will not be misled by this irresponsible report, by those finance-unliterate journalists. . S ]* M4 }: v4 }8 C5 x) PAsk yourself, do you believe we are out of the woods? . {4 l! @ X- s8 D) z3 ]7 vPersonally, i don't see any good signs. So screw those technical stock market indicators.