1/03/2006

New Year Brings New Trends

Does the start of the new year herald new trend in the market. Lot of asset allocation decisions are made on yearly basis by the big institution and investors and policy changes also are linked to new year, so some very good long term trends start at beginning of year.
Last year the biggest trend for the year which caught everyone on the wrong side, the USD reversal started at beginning of the year. The oil price trend which dominated bulk of this year again started in January.
So lets see what happens this year. I am mostly on the sidelines for last few weeks.

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