Wednesday, November 21, 2007

Market in a funk?

Just a bit of nervous speculation on the market:

In the short term, for traders, most styles and sectors are probably a buy.

But many areas in the market are breaking down below their 200-day moving averages.

Large U.S. growth is holding up relatively well. But another recently strong sector, Asian stocks, look to be heading south.

Some recent buys have turned to losses, after failed rallies. Not a good sign.

Subprme mess worse than thought?

Good rundown from Bloomberg on how the subprime mess may be worse than thought.