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Asian Stocks Rise as Index Enters Bull Market; Elpida Surges 8 d2 a! q3 C9 p, C) }8 MShare | Email | Print | A A A ( |/ ]# l: \6 C+ }
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By Hanny Wan and Masaki Kondo6 p: P4 O9 p3 F: C
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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. 4 c6 f: Q1 \6 u2 \7 d' e3 W" i
The 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. , r, K# B( ~6 G+ Y; P4 r0 O3 lAsk yourself, do you believe we are out of the woods? % n: a* i" Y- x$ `Personally, i don't see any good signs. So screw those technical stock market indicators.