Market was given another reason to sell today..Madoff was reason 1 and Fed decision reason 2....
Madoff is a classic evidence of SEC not doing their job.....they are first to IGNORE complaints & last to KNOW officially.....
Fed is all set to bring the fed funds rate to lowest level in history.....this should help economy to recover faster......
NASDAQ is weakest & Dow showing relative strength along with S&P 500.....Green close is very much in the cards......
Oil is UP $1.00
Gold is UP $21.30
In my ETF portfolio :
HFU down 26 cents
HOU UP 15 cents
HMU UP 38 cents
HSU down 12 cents
HQU down 23 cents
Canadian $ is stronger against US$...which should help my portfolio today......
@ 11.57 AM following are green in my watch list :
KGC,SLV,POT,SOLF,IGT,BIDU,ABX,FWLT,
MON,AGU,DIG,GG,LVS.
BLOG does NOT give buy or sell.
Saleem
2 comments:
HELLO SALEEM
Thanks for the email
Looks like another lousy day in the market
MON wanted to climb NOT!!!!!
APPLE lost big on down grade,,,
Gas is cheap in DC again!! This may help economy get brighter
Cheers to all
Hi Madmax,
Market going through waiting game for Fed rate cut & auto bailout...
Ag stocks are behaving better than most sectors.....
Saleem
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