profit taking tomorrow, page-6

50ftcat

I was looking at the price action in BXB and TOL

they have hardly moved

I would have thought they would be bargains at these prices but evidently not. TOL hasn't even gone up 1%. BXB 1.78%

SEK doesn't seem to be moving much

Transports are a litmus test for the health of the economy going forward I reckon

Followed by retailers. SEK might give us some idea of what might happening on the employment front.

As far as I can see this subprime business has a way to go before and the full affects have yet to be fully felt

The market is forward. I doubt very much if this has been fully factored into prices

I am sure there a lot of investors out there are just coming to terms with how credit impacts on the whole economy. So far we we have seen it impact the listed property sector, margin lenders but what about other aspects of the economy..

transport
retail
employment
China
resources
still to come