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re: Dow down 140pts in Pre-market (Now down 175)
Posted on 2/1/14 at 9:37 am to Lsut81
Posted on 2/1/14 at 9:37 am to Lsut81
quote:
I think the markets is going through menopause
Naw, more like PMS.
Remember 07-08? Wake up in the morning and futures down 200, but yet we would end up green or flat by the close.
2014 is going to be volatile. We could see the ECB take action next week and we could rally back to new highs. This long rally that many people hate is very much a global central bank phenomenon. Thus far, there has been good co ordination between the global central banks. When that co ordination breaks down, then and only then do we need to be concerned.
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