Thursday, November 26, 2009

Dubai default rocking markets

US markets are poised for a sharp gap down tommorow thanks to Dubai's default and so it looks like my call for a pop higher isn't going to happen unless somehow this issue gets resolved by tommorow morning.

Is this news a bull market killer? I highly doubt it but it does give the market an ecxuse to sell off and yet another reason to worry. Should be interesting....

1 comment:

  1. did we just had one of the biggest bull trap or is there going to be a bear trap around the corner? hmm...

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