Dow Jones Breaks my support level
12:44 PM
The 10400 Dow region is critical to hold. The bearish sentiment is HERE.
"It's follow-through from yesterday," said Jim Paulsen, chief investment officer at Wells Capital Management. "Yesterday's retail sales numbers have garnished massive media coverage on an (economic) slowdown."
And fear of an economic slowdown is affecting the way investors look at the latest earnings reports. "Any negative earnings report gets massive coverage; any good report just slips by," said Paulsen
And fear of an economic slowdown is affecting the way investors look at the latest earnings reports. "Any negative earnings report gets massive coverage; any good report just slips by," said Paulsen
U.S. businesses added 0.5% to their inventories in February, while their sales fell 0.4%, the Commerce Department said. The drop in sales was the largest since April 2003.
Posted by OscarNOW
on 12:44 PM.
Filed under
.
You can follow any responses to this entry through the RSS 2.0
