2% to 2.9% pullback on World Bank's gloomy prediction....

Markets are pulling back about 3%..thanks to World Bank's gloomy prediction of <2.9%> growth vs previous prediction of <1.7%> given in March......

Gold Down $15.50

Oil Down to $66.81 Down $2.74

Canadian $ is taking it on the chin also Down 1.5 cents against US$

Portfolio is MRVL,PMCS,SOL,TLM.....

Even good news of 1 million sales of iphone did not cheer the markets or AAPL stock?

MRVL upped its guidance BUT stock is down?

So today everything IS being sold down.....even with great fundamental news???

I personally believe that this IS an "over-reaction" to World Bank report and we will find footing near lows of the day.....

BLOG does NOT give buy or sell.

Saleem