Monday, June 12, 2006

Market is Turmoil Again

My internet connection has problem this morning. That is why I could check for stock quotes and post anything before the market opens.

The market started up slightly this morning, but it could not sustain its level, and it failed again. The fear could be contributed as the following:fear of inflation, more FED hikes, slow down in US and world economy, and it may lead to recession.
The best holding right now is CASH. CASH is the king of investment right now. The next test level for Nasdaq could be 2000. So we may see more down sides coming before stablizing.

Big Movers to the Downside:
(EQIX)
(MNST)
(ANDE)
(NRG)
(IFO)

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