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Monday, March 24, 2008

a new week

Proposed action for tomorrow's trade None
Today's action None
Famex 10799
Previous month close 12557
Movement from previous month close 86.00
Target for this month 13310
News for today : 1 : For months, Americans have been subjected to a sort of economic water torture -- a maddening drip of bad news about jobs, gas prices, sagging home values, creeping inflation, the slouching dollar and a stock market in bumpy descent.
Americans are nervously wondering about retirement savings, interest rates, jobs that had seemed safe. They are surveying the economic landscape and asking: Just how bad is it? They are peering over the edge and asking: How far down? And the scariest part of all? No one can say for sure.
News for today : 2 : Devina Mehra of First Global said investors need to be remain cautious. "Locally, the scenario is not looking very good. A substantial earnings slowdown is already seen in Q3. I see significant moderation in growth going forward. The growth trajectory has moved up but is not near 9%."
Stock Barometer 2 - Good
Strategy for today : 3 : Watch
Quote for the day : A steady job and a mutual fund is still the best defense against social security. ~Author Unknown

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