Good morning, my awesome inspired readers of this blog, I hope were all excited to get out there making some big green bucks. Well without further a do I am hitting the pavement running this morning with some news and predictions to report here. First piece of the financial picture is that this morning the market snapshot isn't favored for the buyer of stocks. Looking at the markets everyone is down by a large points volume. Wall Street still continues a selling binge as it did last week with both large institution and corporate investors bailing out of the markets. The reason for this sell signal on the markets is in advance of corporate tech companies reports for this quarter. Technology company earnings for this quarter are down which is also causing the herd to feel insecure about stock future,ETF and mainstream technology stocks. The added with the underpinnings on the markets still shows a shaky downhill curve on market data charts. This all contributes to investors continue to move their portfolios to safety havens like T Bills government bonds and shorting cheap stocks to make money. This may sound like a prescription for a roll of. Rolaids but when you've looked at the charting characteristics for this early week you'll understand why people are bailing out. The woes persist from last week with more bad news in corporate earnings still on it's way. You combine this change with the dollar up 1.64 against most all the other global currencies except China this is causing flat economic GDP performance on the index. Market speculators are pushing profits into other safety havens to avoid a sudden market contortion that will hurt their long term investments. You add it up this week is pretty much going to continue the same with radical shifting of wealth into a safety zone. This is what I see happen so far and I don't see that going to change until maybe after corporate profit reports come out. When all this happens you might see some market indexes upswing but it won't be a radical climb given the overall pressure of the woes in the current economy.
Let's all become Billionaires!!