SIX DAYS IN A ROW FOR BEARS

Something is wrong in the world..for the global markets to react negatively six days in a row. The DOW has lost 504 index points hence.


Jobs data, manufacturing, housing, and other figures indicate not so good results while public deficit continues to widen,  further dampening the market sentiment. In Europe, there is even worse development especially in the political arena. Sarkosy is out and the anti-austerity groups in Greece has seized majority in the parliament endangering the previous agreements on spending cuts and fiscal reforms. There is a possibility that these uncertainty will trigger the break up of EU. If that happens, it will gonna be very difficult especially for cash-strapped countries like Spain, Italy, Portugal, etc. as interest on govt bonds will skyrocket.


Consequently, there is a need to be EXTRA CAREFUL when placing trade set ups. Or better still STAY LIQUID!