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world markets at new highs

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billywows 28-Dec-2006 18:56
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Last Update: 5:50 AM ET Dec 28, 2006

HONG KONG (MarketWatch) -- Japan's Nikkei 225 Index ended flat as gains in Nippon Steel were offset by declines in Canon Inc. and other exporters, while elsewhere around the region, share indexes finished at records.

In Tokyo, investors booked profits after a five-week rally in the leading index and ahead of a holiday-shortened trading session to kick off the New Year holiday.

In Australia, New Zealand, Singapore, and Indonesia, benchmarks ended at records.

In Hong Kong, the blue-chip Hang Seng Index also ended at a record, closing above the 20,000 point-level for the first time.

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newmoon 28-Dec-2006 16:46
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Do not under estimate the power of printed money and the madness of crowds. Eventually the crowd will be wrong but not yet- 3200 STI or bust

ihatcoy 28-Dec-2006 12:50
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my opinion of world market making new highs is due to:

M&A driving the re-valuation. It is good if can perform otherwise (...)
It is always good to tread with care with a optimist mindset.
'Ju An Si Wei' =)

newmoon 28-Dec-2006 12:02
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The reason is because of asset inflation due to excess liquidity. For non believers they will be left behind as STI heads for 3200

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world markets at new highs