Markets end lower barely at the 10,000 level
Wednesday, February 10th, 2010Another day in the markets, another roller coaster. Early in the morning we were down as much as 80+ points, with the easing of the dollar during the afternoon we turn positive, and then as it has been for the year the sellers took charge into the close.
The S&P finished at 1,068 down -2.39 and Dow Jones at 10,038 down 20.26 points.
Europe is still trying to find an answer to their economical problems. Many economics believe U.S. and Europe will all default on their debt. (If they’re correct, we will go into a full super storm in the markets, like the one they’re having in Washington DC today)
As a trader we all have to buy some protection, I will advise you to start doing some strong research into those stocks that can weather this year with all the noise coming from the emerging markets.
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carlitos el melvin me comento a cerca de tu pagina me gustaria aserte una sugerencia si puedes poner porque compras el stocks porque cres que va subir y porque vendes gracias
Claro, lo voy a hacer tan pronto pueda. En estos momentos mi unica posicion es U.S. Steel (X). I will explain to you why, I just need to get the Blog going before I start showing the technicals of the trade. Thanks for the comment.