This was not what I expected. A big rise of more than 100 pts. Not really healthy cause this might lead to another sell down. Volume is lesser than the previous trading. Today Singapore stocks opened up high but then slowly sell down in the morning, then followed by accelerated selling in the afternoon. Citibank posted losses on Tuesday night. People are fearing that other banks are also in the red. More likely to be down tonight.
Wednesday, January 20, 2010
Dow on 19 Jan 2010
This was not what I expected. A big rise of more than 100 pts. Not really healthy cause this might lead to another sell down. Volume is lesser than the previous trading. Today Singapore stocks opened up high but then slowly sell down in the morning, then followed by accelerated selling in the afternoon. Citibank posted losses on Tuesday night. People are fearing that other banks are also in the red. More likely to be down tonight.
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