I still don’t know what is propping up Tesla motors… they have demand for their cars yes, but exactly how many can they produce to sell, and how many more buyers are going to pony up the 6-figure price tag?
Afternoon trading lightened up suddenly in the forex market for risky pairs. Seeing a market turn up here and the real potential for a positive close for the day. Maybe the “black cloud” trader that’s been hanging over the market all day decided to cash in the gains on “safe” forex pairs and go home.
Trading continued in a tight range between “risk-positive” and “risk-negative” – our morning read on the market for the day appears to have been spot on. No one is adding to equities in this environment of uncertainty, even in light of the 3% +/- drop yesterday. Does not bode well for the rest of the week given the expected negative sentiment regarding the upcoming economics numbers. Most people are expecting numbers to miss the next two days, including the jobs report Friday.
Twitter
Facebook
Myspace
Youtube
Identica