CIT’s debt load will have a reverberating effect through the financials tomorrow.
By Daniel at 1 November, 2009, 9:05 pm
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When 67% of the so called smart money is still bullish after a 55% rally from 6470 on the Dow, it show that none of these guys have learned their lesson . Greed is in fashion , fear is non existent.
The Dow transports have confirmed a double top . I feel there could be a repeat of last November when the DWI fell from 9625 which is within a 100 points of the close on Friday (4th Nov 08 )to 7507 on the 20th Nov 08.Time will tell !
http://www.reuters.com/article/BROKER/idUSN0136699020091101
http://www.forbes.com/feeds/afx/2009/07/14/afx6650823.html
-INRS
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