Markets closed Down across the board...just slightly above the LOW of the day.
Nasdaq was DOWN the most -1.52%
S&P 500 DOWN -.97 %
DOW DOWN -.62%
This is a normal give back in a bull market.............-1.52 % on Nasdaq is pretty mild.
Markets needed to correct ...so it took the excuse of Greenspan comment & then New housing data as a reason to reduce exposure.
I will call this minor pullback as healthy & desireable ....for BULL to continue.
Because we did not CLOSE @ absolute LOW of the day............News will dictate friday TAPE before the long weekend.............expect LOW volume.
We may get into groove on tuesday next week.
Among the few winners were RIMM with a target increase to $190 based on near term prospects.
Volume was 3.36 billion on Dow & 2.4 billion on nasdaq.
Good luck on friday trades.
Saleem
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