Saturday, May 8, 2010

Financial Lies

The media is full of stories about how the sell-off in the Dow was due to computer errors etc.That's the biggest set of financial lies. The market fell simply because there were no buyers - lower volumes in the last few months have been pointing towards this scenario.Its a bearish scenario now. Similar to what happened when Lehman collapsed in October 2008.

The next few weeks are going to be very exciting as we wait and watch if the bears actually take control!

No comments: