DOW futures off to a falling start this morning - already off about 100 points. Down to about 8020 if my system is being accurate.
I don't agree that GM going bankrupt is priced in already as I do not believe that the market believes GM will go bankrupt - I still don't believe myself they will go bankrupt either.
Actually, I don't believe much, if any of the negative news over the past few weeks has been priced in - markets don't move up on negative news. If we get a cruncher - the market will also go crunch and that double bottom I keep raving on about will start to form.
DOW futures off to a falling start this morning - already off...
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Last
7,889.6 |
Change
72.800(0.93%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,816.8 | 7,902.6 | 7,816.8 |
| XJO (ASX) Chart |