Avery gloomy day opens and the DIJA has fallen as the Dow component companies have come up with losses reported before opening bell.I had earlier mentioned as this week we could see this happening and it has began. Now with Gold Mann Sachs and BOFAML stating that the markets are over valued the trend to see more cash holdings has increased, Europe is the preferred destination for the 5th month and emerging markets are now out of favor.We will see how DIJA perfoms for the rest of the day ...this has an effect on the country club SGX Nifty which has dropped quite a bit.Not that SGXnifty has a big impact on what happens in our market tomorrow.