After 2 1/2 hour of relentless selling ...markets are showing NO sign of getting on its feet.
10 year interest rate @ 5.086....has SPOOKED the markets ....which is a far cry from Germany's 6.5% rate.
Morgan Stanley has issued a "triple SELL" on EQUITIES today ????
If I can make an educated prediction.......a worse case scenario....... selling ends on monday....
The best case scenario........ that we have ALREADY seen the LOW today...so I hope.....
In my portfolio STP is on FIRE SALE.....down to a level where it can be bought and put AWAY.
The following stocks are showing GREEN in this bad tape of 3 days in a row......@12.15PM EST.
RIMM,AAPL,GOOG,CROX,TSL,SWIR,MR,ELX,AMD,QID.
The above list gives a very strong indication of where money should be invested......as it is a market of STOCKS............so it does not matter where the averages are going.........but where your stocks are headed $$$$$$.
Good luck on rest of the day.
Please do your own due diligence.
BLOG does not give buy or sell.
Saleem
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