Thursday, January 28, 2010

Uh oh, this sounds familiar...

Papandreou Says Rumors Hurt Greece, Not Seeking Aid

Boy, that headline sounds like something I've seen in print before...

Fuld Blames Lehman's Fall on Rumors, `Storm of Fear'

Rumors Caused Bear Stearns Collapse, CEO Says

****************************************************************
Mr. Market is not in love with the iPad and that's hammering the Nasdaq. It's interesting to note the Nasdaq has broken through to new lows for the year and is now just 1.5% above it's September 09 peak. It's definitely starting to feel like the market is running on fumes.

However, a Bernanke confirmation could bring in the dip buyers so I'd watch things pretty closely this afternoon.

Cheers!

No comments: