Markets were hovering with RED when news of new treasury secretary Tim Geithner hit the wire.....& market rocketed UP to 5% to 6.5%...NICE !!!!
Markets were suffering from lack of confidence as treasury secretary appointment was CRUCIAL to bring confidence back to the markets......
As most of the issues on Wall Street ARE linked to Treasury being involved..so a working secretary from Obama administration was crucial in linkup & NEW direction.....
Monday President-elect Obama will reveal his cabinet....which will add to the confidence building process.....
I added one more ETF which is HXU.TO which is an index on Toronto Stock Exchange top 60 stocks..My cost $8.88.....Toronto exchange had the biggest drop on Thursday since 87 crash..I bought this @ 75.7% discount from its high of $36.56...it actually hit a new Low of $8.35 today...
I have two ETF now HOU.TO & HXU.TO....
By 10AM Saturday...I will list technically weak/strong/buy rated stocks.
BLOG does NOT give buy or sell.
Saleem
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