Tel Aviv exchange foretells US Crash, Obama downgrade
Will Obama crash the world markets on Monday?
The first exchange to open after the S&P downgrade of Obama’s America , the Tel Aviv stock exchange has halted trading after opening down 6% !
The reason this is important is that a lot of tech stocks that are traded on the Tel Aviv exchange are also traded on NASDAQ in the US and therefore can be an indicator of where the US OTC market will open.
A similar opening in the US would mean a close to 700 point down day for the Dow Jones INDU and and over 150 points for the NASDAQ composite ( COMP)
Tel Aviv exchange foretells US Crash, Obama downgrade