Thursday NYSE opening down

More doom and gloom. It might feel repetitive but the global stock market is on a sidelong wiggle and while wednessday saw a slight gain for Dow Jones, Thursday opens with a drop.

For the adventurous daytrader there is money to be made but on a larger a larger scale the prolonged lack of momentum is a sign of further setbacks looming in the shadows – of every market. Get ready for more accentuated shifts.

The highlighted American auto industry are struggling but European and Japanese brands are also bleeding. Additionally, the focus on automakers creates a smokescreen behind which the even bigger wheels of the global economic machinery are faltering.

2009 will be a very difficult year. Invest accordingly.

Related posts:

  1. Global market madness opening week
  2. Opening rally on Citibank profits false
  3. Dow positive opening
  4. Weak Dow opening on mixed global markets?
  5. Rebound on Asia lead and easing Goldman concerns

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