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Tuesday, March 18, 2008

a mixed day

Proposed action for tomorrow's trade Nil
Today's action Nil
Famex 10566
Previous month close 12557
Movement from previous month close 84.14
Target for this month 13310
News for today : 1 : NEW YORK (AP) -- Wall Street ended a temperamental session widely mixed Monday after investors grappled with JPMorgan Chase & Co.'s government-backed buyout of the stricken investment bank Bear Stearns Cos.
News for today : 2 : Nilesh Shah of Envision Capital said the markets have fallen significantly from their peaks. "It is difficult to call a bottom for the markets. Individual stocks have fallen 30-60% from their peaks." Shah expects largecaps to correct 5-10% and individual stocks by 10-20%.
Stock Barometer 3 - volatile market
Strategy for today : 3 : Watch
Quote for the day : The safe way to double your money is to fold it over once and put it in your pocket. ~Frank Hubbard

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