US Markets wrapped in Kryptonite?
- Posted by Howard
- on May 16th, 2006
The last few trading days have seen big declines in foreign markets and metals.
The US indices looked ripe (my opinion only) for a big pullback but it has not happened. I am surprised but you can’t underestimate the power of the American financial media and unless you have endless dollars, you can’t be stubborn.
Lot’s more data this week and the markets may still cave, but it looks like the US markets dodged a bullet for now.
Not so good for Russia and India and Japan the last week.
Seems like they need a Maria, a Cramer, a Pisani and a Kudlow.
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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Born in Toronto, lived in Phoenix for 20 years and now in Coronado, CA with a loyal wife (15 years, 14.2 Canadian years), two awesome kids and a dachshund. My current start-up is called Stocktwits and I am a co-founder and CEO. More »
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