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Friday, June 13, 2008

have we seen the bottom yet

Proposed action for tomorrow's trade None
Today's action None
Famex 11090
News for today : 1 : Wall Street gave up a big early advance as the price of oil rose Thursday, with stocks closing moderately higher but also demonstrating how anxious investors are about inflation and the overall health of the economy. Bond prices fell sharply and yields shot higher in response to an upbeat retail sales report.
News for today : 2 : R Venkat Subramanian of Kotak Securities said today's market action is somewhat encouraging. "From a macro point of view, I don't think we are yet ready to call a bottom for the market. The circumstances under which we have reached here are quite challenging.
Stock Barometer 3 volatile
Strategy for today : Hold to stocks
Quote for the day : Our planes should be full, which among other things means we have a golden opportunity... to build on the momentum reflected in the financial results we are reporting today.
Gerard Arpey

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