Crazy market, panic looks probable, complete international monetary confusion ...
S&P Future now down 14.5, it was down 22 about 1/2 hour ago, if:
(1) it can get to down 10 or less before open US Mkt should be relatively OK today, BUT
(2) if it is down 20- ALL bets are off
US $ taking BIG undeserved hits again.
Talk about new paradigms, this may end up being BIG trouble for all issues. DELL could take the biggest hit from those trying to salvage profits, cover margins/loans, being immature investors, recent DELL NON-upside qrtly consensus guidance and its inordinately high P/E. CPQ unfortunately could be tugged down this effect on DELL even though it does not suffer from the same issues.
It's going to be a tough day and then some until sanity returns.
Michael |
