The US stock market is expected to open lower today due to several reasons: one of the biggest bond insurers, MBIA, is expected to have bigger lost; bigger than expected employment number announced this morning; Higher cost for companies; trading went south after the firm uptrend after the FED interest rate announcement; (AMZN) is expected slower 1st quarter sale.
All these news are bad for the market. I believe we maybe able to see the recent lows touched mid January. The best advise is to wait and see if the low can be hold. We are looking for another panic selling days before buying.
Cash is the king right now. Bond rate is too low. The bright days should be coming in the near future.
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