Monday global stock markets in jubilant mood

The markets worldwide are in a jubilant mood at the beginning of this week (Dec 8).
A wave of Euphoria?

(Amsterdam, 11.15CET)
Asian markets up on further rate cuts and stimulus packages in the Far East.
Cyclicals, base metals and mining are up.

European markets following last Friday's Wallstreet's close.
U.S. markets to open higher on (meager) news of bailout money for Detroit 3. The markets seem to be geared up for the Christmas rally. More government stimulus packages are being developed.
But analysts are skeptical and expect it won't last long, the bears are just flexing their muscle. More real bad news for the global economies are in the pipeline. However, for the moment the bulls are enjoying the party. Sparks of hope flaring up! But a lot of it is based on rumors and snippets of good news.
President-elect Obama warned this weekend for too high expectations and hinted that 2009 will be very difficult. Keynesian infra-structure spending plan is under further construction.
For now it looks like investors are inspired by and follow the 'Buffet example' and have their eyes on the cyclicals and base industries. Properties stocks and financials doing pretty good as well.
Generally investors are hunting for more clues about the Economy, but confidence in Financial markets is not restored. Gold and Platinum were slightly up.

The Bulls are very resilient

The Bulls are very resilient and do not give up easily.
Despite all the bad economic news, the job losses, the worsening 2009 outlook and predictions, the Bulls do not lack optimism. Some are even predicting a rally starting in January next year and the Dow going back to 12.000.
Over-optimism and lack of Realism or just a New Reality? We'll see.
One thing is for sure, it's an uncertain creative process starting with new thinking and new ideas.
In the dark days before Christmas we do not need people going into a depression.
Unfortunately the DOW, NASDAQ and S&P500 are sinking again today, it's more like 2 steps backward and 1 step forward.

Stocks Follow a Pattern, Dropping in Last Hour (New York Tines Permalink)
By JACK HEALY Published: December 5, 2008
Oil prices closed down $3 a barrel to $43.79 as the economy slows and demand eases.