Black Friday = Dark and Gloomy Day for Markets
ByMy last post stated that the markets overall will do terrible on Black Friday because of Dubai’s disaster on not paying back their debts. You have to admit, $60 Billion Dollars is just a bit too much money for one city.
Gold as predicted fell to the low $1130.10. Traders, that is more than $65 down from $1195.00.
As for Oil, the low for today was $72.39, down from $77.94. Again another massive loss.
As for financials, it varies from different banks, but at the end result, they all did very bad today.
If you read my post for Wed, then you know that Shorting was the right option if you wanted to make a lot of money. Even if there is a downside in the markets, you can always be a winner.
Again have a Happy Gloomy Thanksgiving (for those who did not short their positions).
Cheers!
