Markets were reacting to usual political grandstanding regarding agreement or no agreement TV appearances about Auto bridge loan.....another sad day for TV politicking instead of getting the job done....
Despite on our face appearances by bit players in politics...market stood the ground and closed UP......
It was a banner day for all commodities..UP sharply on RTP cutback to support prices & inventory.....
GOLD UP sharply !!!!
AG stocks were UP again with POT,IPI & AGU leading the pack.....
Shippers were in Vogue AGAIN with NAT,DRYS,& DSX as leaders.....
OIL seems to have made a TRIPLE bottom today...with ascending slope !!!!
830 AM jobless claims are due.....another stat which has been discounted already......
BLOG does NOT give buy or sell.
Saleem
2 comments:
SALEEM that blog comments is PSOT on!
Wish we could get past the auto mess--No way however.
what a sad day for America! Policits at it's worst.
market seems to be headed down today we can not break 9,000
Unemployment number up again--these are tough times
Hi Madmax,
Politicians ONLY care about their OWN agenda.....Now you know WHY they are ranked LOWEST in INTEGRITY...
Market IS OK....
Saleem
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