- Wealth PMS (50L+)
The easing in the credit markets is getting more and more obvious. What isn’t, is that home prices aren’t going up, so the basic reason for the whole crisis (and probably, the recession) remains.
I can’t find the article now, but it seems a number of FIIs had lent shares to other entities who would short sell them, and take the money and put it in the Euro money markets. That spread has gone now, so will they come back in and buy? There still seems to be a lot of shorting going on – the index futures are sitting at almost no premium today. Is this a bullish indicator, all of it?