The situation remembers me to the situation in August …
Market in FREEFALL as visibility lacks … this time again … Bernanke tells congress, that up to 50%(!) of housing value could be destroyed … he thinks, that we will see weak housing and weak equity markets. As a add-on we get Philly Fed very LOW. […]
Seemingly, selling interest is BIG. Every recovery attempt is met with more than enough supply. And now we got the “GO AHEAD” from Helicopter Ben. He expects weak markets to continue. The investors say, Ok Ben … if you say so
Merill numbers were not too negative, but market took it still negative as still […]
Situation:
U.S. Markets: Volatile session closing down. Not much to say. 2nd day we closed below 1391, which is the breakout mark out of a possible broadening top in the S&P. Waiting for today’s Bernanke speech and some results.
Asian Markets: Japan stocks climb as Dollar tries to recover on ECB comments, which were interpreted as “dovish”. […]
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