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This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

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Thursday, 27 May 2010

DOW - Gone case liao!


10,000 broken!

Dow 9,974.45 -69.30 -0.69%


Stocks Finish Lower After Giving Up Rally


CNBC.com

Stocks closed more than a half-percent lower after a bargain-hunting rally collapsed late Wednesday, with traders booking gains from earlier in the day and refusing to give the market a vote of confidence.

Financials and technology led the market lower but the selloff was nearly uniform. The Dow closed below 10,000 for the first time since early February.

The drop underscored fear in the market from global uncertainty and concerns about the strength of the US recovery, with the euro taking faltering against the dollar late in the trading day.
Posted by Createwealth8888 at 07:24
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1 comments:

  1. Now need to see whether this 10,000 level can become a resistance. If yes, BEAR is coming!

    ReplyDelete

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