Indices are tanking based on Fear about Europe & its impact on world economy......
S&P 500 went to 1076.32 ABOVE 1065.79 which was FLASH LOW.....
Currently S&P 500 is @ 1089.24.....
200 DMA is 1102.55
RSI is 32.11
All these are PANIC numbers NOT a normal correction..which is much more orderly & short lived.....
Even German Finance minister is saying that "markets are out of control" & needs to be regulated.....
Gold Down 2.60 cents
Oil Down $2.42
VIX UP 18.86% to 41.98..went to 45.21 today a new 52 wk HIGH.....
Canadian $ has slumped 1.97 cents to 93.83
Portfolio is BRCD,CIEN,JDSU,SNDK.....
BRCD reports AH..expecting a beat....
Most stocks are Down
BLOG does NOT give buy or sell.
Saleem
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