Short sell UBS (UBSN:xvtx) |
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We expect the European markets to open 1% lower. The S&P500stocks and especially the consumer discretionary lost ground after theclosing in Europe on the news that J.C. Penny cut its earning forecastand a report showed that us consumer confidence has slumped to a 16-year low. We recommend now for a couple weeks to go short in consumerrelated sectors like automotives and non food retail. For today weexpect that that Marks&Spencer and L?Oreal will go lower on this news. Given the shaky Read More...
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