Markets are showing "no confidence in any action/policy of Fed & Treasury"
Confidence is lacking...while Fed & Treasury keep coming up with new ideas to help the economy...
Stock markets are being sold off relentlessly due to fear & other issues......
Today Financials got creamed due to rumour about BAC & MS.....both got resolved after close...
England is also going to have its own rescue package tonight......
New 52 week low on NYSE is 995 on NASDAQ 641......
Futures are down AGAIN......
BLOG does NOT give buy or sell.
Saleem
5 comments:
hi saleem
it is not easy to accept losses. i have only one position. rimm. i didnt try to average it down. i am still holding 100 shares of rimm and losing money. we have no idea where the market is going. sometimes we hope that the market starts moving up.. it was really shocking to see how the market closed. today is also a bad day for solar sector..
i hope to see the light at the end, but it may take some time.
good luck
steve
Hi Steve,
Market is very weak.....
RIMM will be a good hold for this phase of the market.
We are overdue for a sustained rally.....
Solar is being crushed based on financing issues......
Saleem
I guess that we all need a vacation ---- it we can afford one
M
Hi Madmax,
Vacation will be there in few weeks...
I know it is dark...but sunshine is around the corner..MAYBE by close....
Saleem
SALEEM
the marker seems to what to Go up RIMM and AAPL are showing resilience as is MON
Hurray market has some balls to day!
I like your positive thoughts the pain is unbearable!
Cheers
Peace to all God Bless
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