Tuesday, February 10, 2009
Markets on the Precipice
The major indexes are dangerously close to breaking south of key support levels. They closed just barely above them this afternoon. Geithner pretty much said it...money isn't getting to economy fast enough, despite fed's best efforts, markets are still deteriorating. With all of the statements that have been made from Obama and Geithner and the likes as of late, we might do well to read in between the lines and prepare for another shoe to drop in the financial markets or somewhere else. Get set for a 5th wave sell off at some point this week.
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