The Olympic Games kicked off at 8:08:08 pm on Friday night, the eighth
day of the eighth month of 2008. Coincidence? Not at all. The number
eight is considered lucky by the Chinese, because in Cantonese (the
language of South China) the word for prosperity is “fa”, which sounds
like “ba” (eight).
Let the gains begin. Fortune also smiled upon stock markets, with the
S&P 500 Index scoring its first back-to-back weekly gain since
April as the US dollar rallied strongly and oil and commodities
plummeted. The S&P 500’s gain since the low of July 15 has been
6.7%, with the Financial SPDR up by 27.8%.
Continued here . . .