German Perspective - 22.02.08
What happened this week: it AGAIN seems that we are swimming against the tide with our opinion. During the week a number of our colleges were busy talking the market better. Well, we found no evidence to back up their arguments and have not heard any news in conversations we’ve had to make us change our minds as yet. The fact that a few more hides were sold here and there during the week is not enough to set a trend and, from the facts we have collected, we can’t see any reason to get excited.