Good Morning, Tuesday

As world markets sink on Monday, I will look to sell rallies for intra day trading.

CLSA strategist Christopher Wood had correctly forecast the subprime crisis. He says that Gold is likely to triple in value to $3,500/oz in 2010. You can read all his predictions, Here. Wood sees bad news for Asia in the ongoing collapse in US consumer spending: “Asia needs to realise the US consumer is not going to go back to spending like they have in recent years.” Wood’s final prognosis: that he still believes “Asia is the best long-term growth story… If i was putting money into stocks, I would go for China and India”.

Well, what this means is whenever the bear market ends, at whatever level, the next bull market should be interesting.