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FTSE / DOW YTD

Opinion/Comment: Get ready for a 4,000 point Dow drop

Midday Report

I see we are getting more and more of these large bearish articles. Can't say I agree but I do think market is due a correction as money flows from shares into higher yielding bonds.

Market doesn't seem to have any fear at the moment. Yes the indices have been slipping down the last few days but it's all very slow and sensible. Sooner or later the fear will kick in.

Dare I say it but from a technical point of view - the FTSE was actually starting to look oversold.

I have been thinking (hoping) that for days.

8-(

GBP NIESR GDP Estimate 0.6% 0.5%

midknight

RE - Merkel-Hollande-Tsipras meeting in doubt as Greek proposals fall short

THE PHOTO

Germany: Greek bailout extension possble but not on agenda

Not quite so over sold now! :-)

Closing Market Summary

ahha- but this is the danger area now. Was that the bottom and we are back above 7000 or are the buyers being sucked in before the next phase down.

Wish I knew. lol.