Tuesday, August 4, 2009

bad news abroad bad news home

the tuesday correction is at hand -the aussis looks weaker worse retail sals there
the dax gets hit BMW has poor earnings and a bad outlook
Personal spending can't be good as we said yesterday so we are about to think another leg lower
housing may surprise would should cause a bounce followed by inventory fear which should seal the pullback towards days end. Oil is back down a buck and futures are down 52
S+P took a lot to reach a1000 a pullback is not that unhealthy
the market decides that we are correcting this session more than likely










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