Markets are mixed on Option Expiry day......
Dow is Green while S&P 500 & Nasdaq showing small loss.....
Bulk dry shipping stocks are down 7% to 10% on Wachovia downgrade of DSX & EGLE on soft BDI......
Gold Down $4
Oil Down 20 cents
Canadian $ is UP again against US$.....best week of %gain by CAD !!!!
My portfolio is RIMM,IPI,GNK,LSI...subject to sale !!!
@ 12.18 ..following are green in my watch list :
RIMM,AAPL,PALM,EXPE,SINA,FMCN,V,POT,
ICE,CCJ,NDAQ,MA,BIDU,ABX,GG,GOOG.
BLOG does NOT give buy or sell.
Saleem
3 comments:
Hi Saleem,
Yes, BDI softening up 1795. Pull back after big run up. Hopefully we will find a base here for further upside when the economy picks up steam.
Retail shopping and traffic increasing in ATL. Gas $1.98
Best Regards
Hi Standards,
I am surprised @ daily drop of BDI...while world economy is on the mend....
Consumers are feeling a touch better....
Canadian retail sales was UP 5%++ in Jan...even car sales were UP 5.5% from Dec....
Saleem
Just a thought
China is slowing on demand for steel hence less coal and a drop in coal means a huge dent in shipping--no need for coal if steel demand in in the tank.
I am so surprised that we did not hold the share price - it must mean that this is still going to be a rough year for the shippers----hope not
As I got me DSX and FRO
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