At about 2:15 pm EST, the market is trading lower again. The killer of the market is again the price of "OIL". The surge in price of oil will eventually slows down the world economy, which will translates into less profits for corporations. Less profits for companies means lower price for stocks. It is a chained event. Unless the price of oil is solved or some dramatic event happens (such as Bin Ladin is captured, etc.) I do not see any help with the stock market in the up direction.
Cash is still the king right now. Unless you can buy something that is immune to economy slow down. That is why I do not have a lot of posts lately because the market is not for the bulls. Perhaps I will post more opportunities for short sellers in the coming days.
Today's Stock Movers at 2:15 pm EST
Volume Momemtum Compared to normal days:
(Stock), (price), (+/-), (volume compared to normal)
Stocks Up:
(BPT) 89.27 +0.66 +344
(CACB) 31.69 +2.11 +261
(RBA) 51.11 +0.88 +110
(BIDU) 87.08 +3.67 +88
(TRMA) 35.61 +1.10 +52
Stocks Down:
(CHE) 40.73 -9.77 +1,025
(VPRT) 23.00 -1.75 +290
(DHI) 21.01 -1.85 +288
(IYT) 81.99 -1.47 +276
(AIB) 44.61 -2.07 +206
Tags: stocks midday
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