Indices are Down about 1% on Fed cautious statement about US growth..European slowdown is the reason for gradual pickup in US economy....Fed statement was hopeful for a sustained growth...which is what BEARS do not want you to focus on......
S&P 500 low so far is 1074.63...there is a very good chance that we should hold this level @ close..
S&P gained 89.06 points from low & have given up 56.60 points @ low today......a correction of 5%...which is normal considering many economic data is showing slowdown in growth......
Gold UP $14.00
Oil Down 14 cents
Canadian $ Down 39 tick to 95.94
Portfolio is BIDU,CNQ,CREE,LVS,SNDK,TCK.....
Most stocks are down.....
BLOG does NOT give buy or sell.
Saleem
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