Stock Market Analysis – 07-14-2008
July 14, 2008 at 9:09 pm · Filed Under Broader Market
More weakness in the banking companies forced another down day. With IndyMac going down people aren’t asking when the credit crunch will be over anymore, they’re asking which bank will collapse next. Just like last time when Bear Stearns crash landed, commodities are going crazy once again. Gold especially is going off the charts. I still don’t think this decline is sustainable, but definitely pick your spots if you’re day or swing trading since the volatility can be very profitable if you manage your risk here.
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