Markets are showing "no sign of REBOUND"......why is that ????
Hedge funds,MM are taking full advantage of "credit CRUNCH in a very miniscule segment of economy"....
Worldwide markets barely went down ......but in good old USA.....it is freefall...talk of doom & gloom does not make sense @ all.......
Looking @ markets "freefall" you will think that everybody's mortgage is in dire straits...
According to S&P AH....a miniscule amount can be classified as sub-prime.....
Declining volume had a field day compared to advancing volume...on nyse it was almost 13 to 1...on nasdaq declines led by almost 6 to 1......
So no matter what is going on around US stock market...nasdaq is still better by 2 to 1 compared to nyse.....
I personally do not see anything which is WRONG with US economy.....
US corporation are very efficient & making good profit......techs are booming and are in their strongest 6 months......
The only way you can be AHEAD is to keep buying or stay in your STRONG & DIVERSIFIED portfolio.....
The game playing will end sooner or later.....I am betting for SOON $$$$$
Please continue to do your due diligence & stay DIVERSIFIED.......
BLOG does not give buy or sell.
Saleem
No comments:
Post a Comment