Posted on 07/13/2009 6:29:47 AM PDT by fiscon1
The indeces lost territory for their fourth straight week last week. So, this weakness started about three weeks prior to the last jobs numbers. Stock futures look to be down slightly this morning. The Dow will test 8100 at the open. S&P looks down 5.5 and the NASDAQ is down 6. The markets in Asia were down across the board. The Chinese Hang Seng was down 2.56%, the Japanese NIKKEI was down 2.55%, while the Straits Times Index in Singapore was down 1.79%. Meanwhile, in Europe, it was the reverse. The British FTSE was up 1.18%, the German DAX was up 1.7%, while the Spanish Index was 1.15%.
(Excerpt) Read more at theeprovocateur.blogspot.com ...
Interesting that no day traders or sheep will comment on this. May CIT go to hell and anyone else that looks like them.
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