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Monday, June 9, 2008

a new week. - a new hope?

Proposed action for tomorrow's trade None
Today's action None
Famex 10303
News for today : 1 : That economic rebound in the second half of the year so many experts have predicted -- including Federal Reserve Chairman Ben Bernanke himself -- is starting to look dicey.

Wall Street has just three weeks left until July starts, and signs of trouble keep surfacing.
News for today : 2 : Manishi Raychaudhuri, ED, UBS Securities, said the markets are trading around 15.5-16 times one-year forward earnings. "The markets has not fallen below 15 times earnings in past corrections. However, we see another 10% correction. The Sensex can go down to 14,000."
Stock Barometer 4 bad
Strategy for today : Hold to stocks
Quote for the day : It is unsound for an independent editor to be a financial contributor to any cause which would cause any type of special pleading.
Walter Annenberg

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