It is indeed a question which not many people wish to think about nor want to address it.The major indicators have most do not show it in good light and the proverbial straw on the camel's back is the increase in the oil storage.This will certainly make the prices head southwards and give up all the gains it made in the last couple of weeks.We could see oil breaking 40 dollar barrel mark soon enough and with it the markets will follow the trend.
Dow should close in the negative territory once again or flat......my money says negative territory.This will ensure that the Asian market ends mixed tomorrow morning which should leave our market trying its best to cross the 7700 mark on its way down wards. It did break the mark today but managed to close higher.There is yet another scenario where the Dow gives up and crashes to a 3 digit closing with the way the market is behaving as of now it looks very likely.
The next few days look very murky and the market is left confused and some have taken the advise and left the market.My advise to all the retailers stay out of this market if you can.Do not play it , one can get burnt quickly.
Dow should close in the negative territory once again or flat......my money says negative territory.This will ensure that the Asian market ends mixed tomorrow morning which should leave our market trying its best to cross the 7700 mark on its way down wards. It did break the mark today but managed to close higher.There is yet another scenario where the Dow gives up and crashes to a 3 digit closing with the way the market is behaving as of now it looks very likely.
The next few days look very murky and the market is left confused and some have taken the advise and left the market.My advise to all the retailers stay out of this market if you can.Do not play it , one can get burnt quickly.