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Thursday, June 12, 2008

correction in calculation

There has been a major flaw in calculation all along. It has been corrected here.

Proposed action for tomorrow's trade None
Today's action None
Famex 11164
News for today : 1 : Wall Street tumbled Wednesday as oil prices rebounded, fanning concerns that inflation will further pinch consumers and lead central banks to raise interest rates. The Dow Jones industrial average fell more than 200 points to its lowest close since mid-March.
News for today : 2 : The Reserve Bank of India, or RBI, has hiked the repo rate by 25 bps to 8% from 7.75% previously to contain inflaiton concerns.There has been no change in reverse repo rate. RBI said it was essential to take measures on urgent basis.
Stock Barometer 3 down
Strategy for today : Hold to stocks
Quote for the day : We have, unlike many of our competitors, continued to meet our various financial obligations.
Gerard Arpey

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