AAM as on 02 December 2009

Hello Friends..

Happy to see that market rallied up by 270 points yesterday..
I hope it will continue for some more weeks unless there is no bad news.

Markets have good reasons to rally up today as well.

1.Gold reached its peak value of 1200$ an ounce..that's really astonishing fact

2.US Markets NASDAQ,DOW,S&P 500 all reached a level of 14 months high with increase in the indices as on yesterday.This is really a good news.
US never minded about the dubai crisis.

3.The US Conglomerate GE is done with the deals in purchasing the 20% shares of Vivendi's share in NBC Universal studios.
Now GE will sell 51% stake of NBC to COMCAST another fortune 500 company and it will hold 41% with it.

4.AIG has sold of two major stakes in insurance companies to Fed Reserve...and it has closed the debt of 25 billion $ borrowed from US Government.

As a whole we have all the good signs/news everywhere around the world...so hope we will also do good in the coming days...

My prediction is another 300 points increase in Sensex today...Lets see...

Regards
Karthik