Monday, January 10, 2011

Europe Rehash

The script has all been laid out beforehand and I'm sure everyone knows the plot.  It is Greece then Ireland then Portugal then Spain.  It's Portugal's turn. I doubt this will be much of a market mover because everyone knows.  Still we get the gap down but I wouldn't bet on much of a drop, it has been a fool's game to call tops. 

3 comments:

nicasurfer said...

Did you see india?

Petsamo said...

India's downleg looks nice :)

Market Owl said...

Yes, it is trading like China. Emerging markets are overowned, but I can't say the same about US.