Markets shrugged off bad job data by closing UP 2.4%+
Close today will build confidence in stock market...as most traders/investors are always worried about going through the old lows of Oct 10TH.....Monday will be exactly 1 months since the last low in Dow & S&P 500.....Nice to look in rear-view mirror.....
President-elect Obama assured traders that he fully understand what US & World is facing in economic terms...his news conference was confident & well prepared... markets were already giving a "thumbs UP"
By 10AM Saturday..I will list technically weak/strong/buy rated stocks.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi All,
Just got back from Akron Ohio, Gas $1.98 in Ohio. Full flights both ways. Busy out there in the public.
Best Regards
Hi Standards,
November will be the "trough"and then gradual improvement in economy.
Election also is building confidence...no name calling anymore......
Saleem
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