12/12/07
Day after Fed announced quarter point rate cut, US stock market open in high note due Fed issue a plan with Europe, England, Swiss, and Canada Central Bank to resolve the global liquidity problem. But it also means subprime mess has severely damage the credit market. Traders/investers are selling the Dow from 270 points opening high to negative territory as low as 110 points area. The Dow trade below 13400 level for awhile before closed at 13473. It is still bearish for the Dow. The Traditional Christmas Santa Rally may not be occured this year.
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3 comments:
Very good comment. So we should lay back and watch instead of investing our money into the market?
If no, what area should we invest int? any ideas? thanks
Shawn
I would recommend to trade, not invest 100% into stocks in long term currently.
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