Markets are again in a tailspin...due to "credit crunch faced by another lender"......
Markets always "discounts events"...this is slightly different because of "drip drip info flow"....
I will go on a limb and say that "today we are seeing the last wave of selloff due to credit issues"..
Markets are "deep in oversold territory...so expect a healthy bounce from here"
The strategy should be to buy strongest stocks...who are down today on this "new credit news"
As you can tell strong stocks are @ their support levels...so in any conditions ...they are an excellent buy.......
Hoping for an improved close today......
Good luck on rest of the day.
BLOG does not give buy or sell.
Saleem
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