Ok.. Here I go again.. after a long break..

Well, to cut short what has happened in the last two months, January has been the worst January ever, February is a not an exception either. and today has been marked in history as a worst begining for March. TOld that, what/where do you think the market is headed ???

Look at whats happening around the globe:
China slowed quite sharply at the end of last year. Japan’s January exports are down 46% y/y, the fastest decline ever.
India seems to be decelerating. Malaysia didn’t grow in the fourth quarter.
Thailand’s exports and industrial production fell at a record pace in January.
Abu Dhabi tentative bailout of Dubai.
And the woes at Eastern European countries running a huge public debt and Account deficits.
In Q4 of 2008 GDP fell by about 6% in the US, 6% in the Eurozone, by 8% in Germany, by 12% in Japan, by 16% in Singapore and by 20% in South Korea. So things are even more awful in Europe and Asia than the US.
Standard & Poor’s is reporting that the number of companies poised for a credit downgrade in February was 977, the highest ever.

See you at 6500 Dow!!