Free Republic

October 30, 2008 As World Markets Rally, A Fog Of War Envelops Trading AngrybearWhen the stock markets around the world raced down earlier this month, there was some sense to it. The credit and liquidity troubles were real. Corporate earnings became progressively troubled. Layoffs showed clear signs of accelerating. Housing values continued to fall and mortgage default rates got worse. To put a point on it, there were ample reasons for the markets to become undone and for panic to reign. Over the last two days, markets in Hong Kong and Japan are up almost 20%. In just two days.Only...