2008-12-08: Pre-Market trading good

| 8 December 2008 07:25

As we get ready for another week in the markets, it bears noting that stock markets are notoriously able in shrugging off news (both good and bad) and moving as if to their own drummer. Today could be one of those days, with overseas markets up 4-6%. The Pre-Market figures look good in the U.S. as well.

I had heard that Asian markets rallied on the back of optimism about Obama’s stimulus plan, but one has to take that with a grain of salt. Markets rally often just because they rally.

avatar About Edward Harrison

Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty years of business experience. He is also a regular economic and financial commentator on BBC World News, CNBC Television, Business News Network, CBC, Fox Television and RT Television. He speaks six languages, a skill he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

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