“Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria.”
Friday, December 01, 2017
Clearly Not All Of Us Are As Equally Enthused As The Ameicans
Asian investors tread carefully with US tax reform in the balance
Most Asian markets saw tentative gains on Friday but investors moved nervously as Donald Trump's much-hyped tax-cut plans hung in the balance after a plan to push them through hit unexpected hurdles. The Dow surged to new records on Wall Street as several key Republicans backed the controversial reforms, which the president says will fire up the US economy, fuelling hopes they could reach Trump's desk for signing by year's end.