Tuesday, March 4, 2008

Morning Market

Early pressure a feature again this morning with Intel talking about lower chip forecasts. Cheap dollar, crude prices, and continued bank/brokerage leaking is limiting the bull's ability to reverse prices declines. Bears looking to provide a new speedway to the lows with a lousy jobs number on Friday being the event to drive markets lower. The bulls hope if hard down does appear, it will be the end of a short, though somewhat unpleasant, correction.