Thursday, November 26, 2009

Black Friday

Overnight, stock and futures markets around the world, sold off on the news, that Dubai will delay paying it's $59 billion in debt. The U.S. S&P futures market just closed for the Holiday, down almost 25 points (200 Dow pts.) or 2% from Wednesdays close. Most markets where down 3% in Europe and Asia overnight. While U.S. investors will be dinning on Turkey and visiting with family today, they have no idea that tomorrow morning, when the U.S. stock market opens, we are going to open down big! Black Friday this year, could be the beginning of a big crash.