Stocks have hit new lows upon market open. The futures were higher until the European session, but crossed into negative territory thereafter. I am still anticipating a temporary rally at some point, but today's lower open doesn't give me much hope for one. If there is a ray of sunshine, perhaps it is that at least we didn't open down triple digits on the Dow.Monday, March 9, 2009
Fresh Stock Lows Upon Market Open
Stocks have hit new lows upon market open. The futures were higher until the European session, but crossed into negative territory thereafter. I am still anticipating a temporary rally at some point, but today's lower open doesn't give me much hope for one. If there is a ray of sunshine, perhaps it is that at least we didn't open down triple digits on the Dow.
