Interesting watching the Dow up 50+ points with 30min to go then tumble in the red 2 points.
- Stocks lost ground on Tuesday, trading little changed, as optimisum about the economic recovery and earnings season was tempered by caution over political landscape. (yahoo fiance)
-The U.S. Budget deficit will remain at levels not seen since WW2, congressional forecasts said on Tuesday in a report that lays out the stark challenge facing President Obama as he seeks toboost the economy and cut spending at the same time. (Reuters)
Might be wise to sit on the sidelines for a while ??
I am predicting a second crash, and another drop in interest rates. The Americans are still in a lot of trouble and it will filter through to us.
