20090120

The WIG Index continued its fall (also sell signal was generated as per lower low):



The gap form 19th November 2008 has been fully covered. Right now the WIG Index does not show any sign of recovery. There is not much to say; however, note that we are still moving in the 24100-29600 area.

It seems the global crisis did not spare polish economy and some polish companies are preparing mass layoffs (here). Unemployment forecast are quite big (here). Nevertheless, in my opinion Poland won't be hit as hard as more developed countries.

Barack Obama was sworn as the 44th US president (here).

Bank sector took another hard hit today (here).

The SeekingAlpha portal published an interesting chart about US economy: median income vs. median house price (here).

Airelon (from Investor and Trader blog) created quite interesting video about individual's finance (here).

Sources:
[http://www.marketwatch.com/news/story/Obama-says-Americans-meet-challenges/story.aspx?guid={EF817384-CFDE-4AB5-B2C1-954AA6FDB639}]
[http://www.marketwatch.com/news/story/Banks-battered-sector-matches-worst/story.aspx?guid={3746153F-B946-4C22-8870-66BC92C0B31B}]
[http://gielda.onet.pl/0,1900968,wiadomosci.html (via Google Language Tools)]
[http://praca.money.pl/wiadomosci/artykul/700;tys;polakow;moze;stracic;prace,97,0,419937.html (via Google Language Tools)]
[http://seekingalpha.com/article/115464-new-home-prices-vs-median-income-chart]