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Strategies & Market Trends : The coming US dollar crisis
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To: Real Man who wrote (18389)3/9/2009 8:17:22 AM
From: Giordano Bruno  Read Replies (1) of 71456
 
Yeah, looky > LONDON (MarketWatch) -- According to Citi strategist Tobias Levkovich, 99% of NYSE stocks are trading at or below their 200-day moving averages. "Confidence in future earnings growth is near non-existent based on our analysis and is closing in to near the lows seen over the past 40 years. In this sense, credit conditions and disappointment with policies thus far are trumping the various fiscal and monetary stimuli," he said in a note to clients.
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