Monday, July 14, 2008

Financial Sector

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IndyMac is down, yet the stock market (Nasdaq 100, S&P 500 and DJI indexes less then 1% down only). On the day when Bear Fund was down the US indexes crushed almost 4%. It looks like this collapse did not generated panic selling or maybe there are not a lot of traders who is willing to place short order (create selling demand) – who wanted to sell already sold and now is in short position. So, for how long will the financial sector try to push the market lower?

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