Saturday, July 5, 2014
Some weekend news
Here are a few significant newsbits for the weekend:
Liz Ann Sonders - sentiment is a mixed bag. She goes into all the sentiment indicators, and explains to what extent they actually matter when the market has been going steadily up for 6 frickin' years.
FT beyond brics - no sugar pill in India's budget. Despite how much Whitey loves Modi, the fact is there's no easy way to reform India.
Mining.com - Indian coal imports still rising. That hits their trade balance, and is therefore negative for gold.
Reuters - Jaitley says drought report no cause for panic. Therefore, panic.