THANKSGIVING AND BLACK FRIDAY

Today, tomorrow we have a space being a bit relaxed. Today the US markets are closed, tomorrow only half day opened. We don’t expect big moves further in the last two days which rest.

The volumes in US markets yesterday was so light. Nasdaq jumped up again and SP500 and DJIA recovered from previous day diving. If you look at the chart below you see the correlation has gone, the Nasdaq over performed the SP500 and DJIA. That was a good arbitrage deal in the last couple of weeks because Nasdaq had been lagging and now over performing the two others. There is some divergence now.

Take a break for this week and focus on the next week market movements. Don’t forget anybody says it is bubble. Don’t believe them. It is not. It is merely a bullish market.

And what is our behaviour on the bullish market?

• Very bullish or
• Bullish or
• Neutral

Take a look at our Swiss fund and begin to invest with us!

The BFM Assets Team.