Market Forecast:
The market is in for a steep correction to the downside. With Obama’s recent comments bank stocks are in for a quick decline, China stocks will level off with frozen lending, and the market is amid a “sell off”. Look for another bad week next week in the market (possibly another 3-5% decline). Short the banks & short the Euro. USD could possibly take a hit as well. Lets see what happens…
Prediction: Dow on Friday 1/29/2010 close: 9990 ( most recent close on 1/21/2010: 10,390 )
BAC- Now: $15.47_________ 1/29/2010: $13.00
GS- Now: $160.87_________1/29/2010: $152.00
JPM- Now:$40.54___________1/29/2010: $36.80
WFC- Now: $28.00__________1/29/2010: $24.50
1EUR=1.4133USD as of 1/21/2010_______ Prediction : 1EUR=1.3988USD ON 1/29/2010
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