September 7, 2010 | In: Opinion
The DOW, and the European Debt Crisis
It was expected, but not this week, I even talked about the Greek Factor yesterday, and said that it will probably affect the US markets next week, but apparently someone decided that it should be today that the US markets should remember the bad European economy, and the markets went down.
In these cases, financials are mostly affected, including C and BAC. The DOW is currently down 85 points, but call me an optimist, I think that the DOW will go up from here…
I was meant to happen anyway, the European debt crisis was just a pretext to get the markets down a bit so that large investment firms would make money shorting stocks. If you have enough money, you can change the market mood the way you want, regardless of the fundamentals and the facts.
I hope that tomorrow will be a better day.