Posts Tagged 'Market'

Dow Will Fall

European and Asian losses, as well as the fall of futures indicators, all point to a continuation of the downward trend, with metals and oil companies especially hit by fears of further cuts in demand.

Expected news of a rescue deal that will allow automakers to survive into 2009 and Obama’s vow of tightened regulation in the wake of the welcomed nomination of Mary Shapiro to oversee the SEC will stop the Dow from sliding even further, but will overall be insufficient to offset the flow of negative sentiment flooding the market.

Assessment:

Expect a day of continued losses, with a moderate upturn if a automakers rescue deal is announced before the closing bell.

Dow Jones Will Fall

Trends are set for another day of market losses. With the effects of the Fed’s intervention wearing off and investors beginning to wonder what’s left on Bernake’s arsenal, news of a fresh $850bn stimulus plan will be insufficient to offset the negative clouds hovering over Wall Street.

Adding to the negative mood are news of automakers cutting back on production, SEC’s admission that it failed to act on Madoff’s case despite warnings, losses in Europe and new unemployment figures that, although showing a slowdown on new claims, still register the worst month since 1982.

Assessment
Expect moderate losses at the end of a roller coaster trading.


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