Weak Dow opening on mixed global markets?
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Last week limped along as per our expectations but seems to have surprised quite a lot of traders. Once again, we hover dangerously around the 10.000 mark with weak reports coming in somewhat under projected results.
On Monday Asia continued backtracking while European markets a couple of hours into trading are treading water around the flatline mark, some slightly up.
With the disappointing numbers from BAC, GE and Citigroup, China continuing to slow down and the EU woes of membership credits still clouding the skies.. the coming weeks may be very turbulent. Good openings for the short traders.
If the US continues to go sideways, China may see fit to further downgrade the US credit rating. Sound too harsh? Time will tell.
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- Opening rally on Citibank profits false
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