Another bad day at the market, with existing home sale numbers further pulling the market down. Added bad news on write-offs, CEO resignations and rumours of Countrywide's bankruptcy meant doom for the market.
Pharma stocks seem clearly poised to be one of the safe havens in this troubled market (apart from staple consumers like KO, MO etc i.e.)
Bad news still at the markets, but it's good to see massive turn outs for the New Hampshire primaries! The sheer enthusiam of the voting public (helped by unusually mild winter weather) is to be applauded. The betting market, which gave a 98% chance for a Barrack victory, might be proved wrong with Hillary leading numbers as of now...too close to predict though! I just wish there's more of a focus on the economy & global competitiveness as against Pakistan & Iraq in candidate debates. The media needs to do a better job at guiding public focus too!
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment