Will Stocks Bounce on Tuesday
After a terrible manic Monday day of trading with the major indexes losing around 2%, the London Stock Exchange is showing signs of hope early Tuesday morning.
Let's hope the trend continues on Tuesday for U.S. stocks. The FTSE 100 Index is a capitalization-weighted index of the 100 most highly capitalized companies traded on the London Stock Exchange is up .3% this morning. If Europe can finish in the black for the day we could have a positive start Tuesday morning for American stocks.
The latest via Bloomberg.com -- European stocks pared their advance after Germany said that there is no “new bazooka” to combat the euro area’s debt crisis, offsetting rating companies reaffirmation of America’s creditworthiness. U.S. stock-index futures were little changed and Asian shares erased losses.
SOURCE: http://www.bloomberg.com/news/2011-11-22/european-index-futures-rise-as-...
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