Same story as last night, Asia starts the day low.
Hongkong, Japan, Sydney experience major sell offs.
Even with the bail out news yesterday these markets failed to show any upside.
For now you should stick to ETF's.
The unwind from the top of the Dow 2 months ago was all based on oil prices.
I predict that the next downward spiral will be due to Financial company earnings.
Financial Earnings tomorrow:
US Bancorp
First Mariner Bancorp
State Street
and a few regional banks.
Large Cap Earnings:
CSX
JNJ (Johnson and Johnson)
INTC (Intel)
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