Jobless claims in 2010 has been rising against consensus.....Jobs are closely linked to economy thus a fear of slowdown AGAIN.....
Indices are Down from 1.31% to 1.53%......
It is almost 1 day Up & 1 day Down these days.....
Gold UP $6.70 @ $1103.20
Oil Down $2.55
Canadian $ Down 70 tick to 93.93
Portfolio is APWR,IAG,PALM,SLW......
PALM came out with warning for the Q & Year expecting "substantial revision for the year"...This was being telegraphed by many analysts in recent weeks......Stock down 15.57% although off its low of the day which was @ $6.30..already traded 62 million shares in 3.5 hours..sounds like CAPITULATION finally......
@ 1.05 following are green :
IAG,SLW,APWR,TSL,EGO,GNK,AGU,SOL,GG,POT,
AUY,KGC,LULU,AEM,ABX,BRCD....
PS...Post was delayed due to snow clearing activity.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
Interesting day. Stocks driven down, then scooped back up. No new news on the jobs front. Old news an excuse to sell? I went to sign up for unemployment benefits but the line went out the door, shocking, I never did get to sign up. Some other day when its not so cold to stand outside and wait. ATL gas $2.59 reg.
Best Regards
Hi Standards,
YES...market is controlled by hedge funds..only retail are taking loss in panic selling.
Job situation is bad in most state.
Good luck with sign up next time.
Saleem
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