We are still above critical level of 24100, but it's very hard to forecast the market now. It could be the long-awaited second bottom or just the steep before fall continuation. In situation like this, it's better to stay with money.
Brian Shannon from AlphaTrends blog suggest only day trading in his daily video (here).
Today's number of worse-then-expected information in US market has its weight (here or here).
Microsoft announced layoffs (here) and it confirms, that the information technology sector is no longer safe-heaven for computing professionals (Google here; IBM, Sun and Intel here). On the other side, Google earning's report was better then expected (here). The Certification Magazine's Salary Survey 2008 could be interesting source of information for future trends (here).
As for polish economy, two interesting reports were published: average salary and employment report (here via Google Language Tools) and real estate transaction prices (here via Google Language Tools), which suggest the offers are higher 10-15% than real prices).
Sources:
[http://www.marketwatch.com/news/story/US-Stocks-Continue-Slide-Dow/story.aspx?guid={3BCE165C-2277-4E48-940A-71BEB1B75695}]
[http://www.marketwatch.com/news/story/Microsoft-reports-drop-earnings-plans/story.aspx?guid={663A9759-FA41-4DE9-8397-A7EC546BEDA0}]
[http://www.marketwatch.com/news/story/Googles-profit-slips-company-beats/story.aspx?guid={19E90AF2-E02A-4331-A2B7-26109E2DAD9A}]
[http://www.certmag.com/read.php?start=0&in=3656]
[http://www.thedisciplinedinvestor.com/blog/2009/01/22/market-notes-thursday-january-22-2009/]
[http://www.egospodarka.pl/37156,Zatrudnienie-i-place-polskie-firmy-2009,1,39,1.html (via Google Language Tools)]
[http://www.egospodarka.pl/37163,Ceny-transakcyjne-nieruchomosci-XII-2008,1,39,1.html (via Google Language Tools)]
[http://www.forbes.com/2008/11/26/google-layoffs-contractors-tech-enter-cx_bc_1126google.html]
[http://www.theregister.co.uk/2009/01/22/it_vendor_layoffs/]
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