"It doesn't make sense to buy the market before what is effectively a four-day weekend in the U.S."
Excuse me, but that is exactly when you should be buying....when all the lemmings are jumping off a cliff...what a moron
0114 GMT [Dow Jones] The S&P/ASX 200 is last down 0.1% at 4045.5 after hitting
a seven-week low of 4029.5 in choppy trading. Traders are surprised at the resilience of
the market, given the worsening European debt crisis as well as disappointing U.S. and
Chinese economic data this week. "The market should be lower," says a senior
trader at Credit Suisse; "there's no doubt that the European debt crisis is
intensifying, and economic data from the U.S. and China this week have been worse than expected. It doesn't make sense to buy the market before what is effectively a four-day weekend in the U.S."
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