Global Capital Reserves: Stocks Down on Bad News

Friday, January 13, 2012

Stocks Down on Bad News

There is a plethora of bad news this morning. S&P is imminently planning to downgrade the debt of various European countries. Novartis is laying off nearly 2000 employees (and we all thought the pharmaceutical industry was impervious to recessions), JP Morgan announced that earnings were down 23%, etc. Stocks down about 140, but it looks like Wall St has already put in a bottom at around -150 for the day.

Recommended Book List

Analyse Technique et Volatilite (english version here)- Philippe Cahen
Analyse Technique et Volatilite - Philippe Cahen
Bollinger on Bollinger Bands - John Bollinger
Candlesticks Explained - Martin Pring
Creature from Jekyll Island, The - G. Edward Griffin
Creature from Jekyll Island, The - G. Edward Griffin
Disciplined Trader, The: Developing Winning Attitudes - Mark Douglas
Dynamic Technical Analysis - Philippe Cahen
Enclyclopedia of Technical Market Indicators, The - Robert Colby
High Probability Trading - Marcel Link
Phantom's Gift
Psychology of Risk, The - Ari Kiev
The Ascent of Money - Niall Ferguson
Trading in the Zone - Ari Kiev
Trading in the Zone - Mark Douglas
Trading to Win - Ari Kiev

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Friday, January 13, 2012

Stocks Down on Bad News

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