20081013

The WIG Index was very weak comparing it to the rest of the world:



Intraday chart does not show anything new:



We are still below huge gap and nothing changed in long- or medium-term. In short-term I'm really confused - the polish market was one of the weakest in the world today, but US close was very bullish. Brian Shannon does not believe this rally will keep going (video here), but like he says - we need to watch the market. There are many views on this situation and we really need to see what's going on before we make a move.

The euro-zone leaders to agreed on partial nationalization of banks and provision of state-guaranteed loans (here or here). Additionally, EU is relaxing mark-to-market accounting standards.

Update from 2008/10/14:
Some screenshots from US market - worth to keeping for sure. Russell 3000:



DJIA:



Sources:
[http://online.wsj.com/article/SB122381862224826507.html]
[http://www.marketwatch.com/news/story/nations-across-globe-rolling-out/story.aspx?guid={1E9EBC0E-E19D-48A6-A66B-F4C6CB8D0E6C}]