profit taking tomorrow, page-7

too much bad news to come out

It will swamp these good reports from Intel and Google and lead to renewed fears in credit markets

FTSE futures are only up 1%
DOW futures only up about 20 pts

A few down days from here I'd say.

New stories to hand are here. Check 'em out.

More credit worries in britain

http://business.smh.com.au/boe-to-unveil-107b-rescue-package/20080421-27gt.html

http://business.smh.com.au/banks-on-the-money-hunt/20080421-27gn.html

US Housing crisis worsens

ALSO

Other reports this week are forecast to show that the number of Americans applying for jobless benefits remained elevated last week and consumer sentiment this month sank to a 26-year low.

http://business.smh.com.au/us-housing-collapse-worsens/20080421-27gq.html