Tuesday, October 14, 2008

Stock Market News- Read It Here First !

Yesterday afternoon, after basking in a 900+ stock market rise, the financial media were predicting another big push on Tuesday, saying late on Monday, pre-trading seems to indicate that stocks will go up again. Of course, being smart, you read the Luko News Review which told you that short term traders were going to take profits on Tuesday. Well, we were right- again. Check it out below-

AP: Stocks pull back as profit-taking sets inTuesday October 14, 6:34 pm ET By Tim Paradis, AP Business Writer

The stock market went down on Tuesday, as we told you it would on Monday. How could major financial analysts in the media possibly believe that in an uncertain market, investors could hold back from taking profits after a 936 upward kick in the market ??

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