Equity Markets Soften as Traders Reevaluate Long Positions @ Forex Factory

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Equity Markets Soften as Traders Reevaluate Long Positions

U.S. equity markets followed the lead of lower Asian and European markets today and sold off sharply from the get-go. U.S. investors are concerned that the weak condition of the economy cannot support stock prices at such lofty levels. Some investors say that the current break is setting up another buying opportunity. The bears will be watching Friday’s close for indications of a reversal top. This could lead to the start of a 2 to 3 week correction. Some bulls fear that end-of-the-year liquidation may be taking place early. Full Story

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forexhound

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Submitted Jan 19, 2010 7:00pm

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