Posted on 08/31/2009 6:01:07 AM PDT by fiscon1
Equities broke their winning streak on Friday and now they may be looking to start a new streak. All three major indices are down between one half and three quarters of a percent. That's not that bad. One major index in China was off by 6% this morning on price to earnings "fears".
Stocks retreated from Shanghai to Frankfurt on speculation the six-month rally has outpaced prospects for earnings growth.
(Excerpt) Read more at theeprovocateur.blogspot.com ...
What 6-month rally? I must’ve missed that. *SNORT*
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