GS /MS ER & Fed will set the tone for trading on Tuesday......
Fed will have much bigger impact @ 2.15 PM.......
Broader market were weaker than indices...almost 3 to 1 decline in both NYSE & NASDAQ...
Oil tape was weak @ close.....
Gold remained strong...
Shipping stocks were strong as rates shot UP 5 days in a row.....
LIBOR @ lowest point in a long time.....
US$ weaker ..hitting a 2 month LOW......
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
BDI news, China imports of iron ore increasing, India cuts export tax on iron ore from 8-15% to 0%. First signs of stimulus plans going to work. BDI rising short term into spring is forecast.
Best Regards
Hi Standards,
All leading economies are trying very hard to make this recession short....
I think they will succeed....2010 will be sunny !!!!
Saleem
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