posted on Aug, 9 2011 @ 07:36 AM
The trading in Asia and Europe, although bad, wasn't that bad. Major European indexes are mostly flat right now except for the DAX which is only down
1 - 2 % (only lol).
The futures markets shows we might see a bounce on the opening in New York.
Watching some analysts on business channels yesterday after the close, some indicated that the G7 held meetings and are planning a massive infusion of
liquidity into the markets. So the Federal Reserve, European Central Bank and Bank of Japan maybe spending billions or even trillions of dollars
buying up stocks.
Fed Chairman Bernanke may even cut the interest rates for banks from 0.25 to zero, forcing banks and other financial institutions to invest in the
So we may see a bounce today. It seems to me the world is looking at the US for financial leadership right now, like it or not.