Wednesday, January 16, 2008
A POSSIBLE MARKET BOTTOM ?
The futures are starting to climb here this morning. The Asian market were killed though Europe is recovering and it appears many indices will finish in the green. After being murdered in after hour trading, it appears INTC is recovering here after a Morgan Stanley upgrade this AM. Would not surprise me if we rally all day after a lower open. Also keep an eye on the Yen which needs to weaken in order for a sustainable equity rally.