Tuesday, February 3, 2009

Dow back above 8,000..closing @ 8,078.36 !!!!

All stock indices staged an oversold bounce by closing in GREEN.....

DIS AH reported a weak ER ....Down 7% AH

US administration took out a clause of "buy American" from Stimulus package after a storm of protest from allies from Europe & Canada which was threatening a trade war......

Housing data gave a boost to market sentiment as housing recovery is critical to economy turning around....home builders were strong including TOL,PHM,DHI,CTX....

Canadian $ staged a rebound against US$ which weakened today.....

BLOG does NOT give buy or sell.

Saleem

No comments: