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Friday, June 20, 2008

Proposed action for tomorrow's trade None
Today's action None
Famex 11289
News for today : 1 : Stocks ended a back-and-forth session with modest advances Thursday as a sharp drop in oil prices helped counter renewed concerns about the strength of the economy. Oil fell nearly $5 per barrel after China announced plans to raise caps on gasoline and diesel fuel prices, a move that could ease global demand.
News for today : 2 : Nitin Raheja, CIO, Rada Advisors, said the markets are likely to remain ranged, with a lower bias towards the lower end. "When Q2 numbers are announced, one will start seeing that impact happening. That is when all bad news would have gone through. By then, the markets would have probably bottomed out."
Stock Barometer 3 volatile
Strategy for today : Hold to stocks
Quote for the day : Look at the product pipeline, look at the fantastic financial results we've had for the last five years. You only get that kind of performance on the innovation side, on the financial side, if you're really listening and reacting to the best ideas of the people we have.
Steve Ballmer

Tuesday, June 17, 2008

to find a direction

Proposed action for tomorrow's trade None
Today's action None
Famex 11412
News for today : 1 : Wall Street started the week with a mixed finish on Monday as investors weighed volatility in oil prices and new hope for the financial sector after Lehman Brothers posted results. Stocks spent much of the session mostly lower after a fresh record for crude oil and a decline in regional manufacturing activity touched off concerns about the ability of the economy to push ahead.
News for today : 2 : Sanjay Sinha, CIO, SBI Mutual Fund, said the uncertainties in the market have not gone yet. "Inflation remains a big concern. It would cross double digits. The question is how long it will last. High input prices are also likely to impact margins going forward. We can see more downside if Q1 results are not inline with expectations. Politics and liquidity flows will be other factors to watch out for."
Stock Barometer 3 volatile
Strategy for today : Hold to stocks
Quote for the day : I look back on it, yeah, I'm in a much worse financial position than I was eight years ago. I'm going to have to go out at age 62 and kind of readdress some of that.
Bruce Babbitt

Monday, June 16, 2008

start of a brand new week

Proposed action for tomorrow's trade None
Today's action None
Famex 11412
News for today : 1 : As the American economy slowed to a crawl and stockholders watched their money evaporate, CEO pay still chugged to yet more dizzying heights last year, an Associated Press analysis shows.
News for today : 2 : Madhusudan Kela, Head Equity Investments, Reliance Mutual Fund feels that we are in a rangebound market. According to him, every incremental dollar increase of oil is having an incremental huge pain for a country like India because it is definitely disturbing our macroeconomic fundamentals. He feels that inflation will recede in the next three-four months and an immediate interest rate cut will not be seen.
Stock Barometer 2 up
Strategy for today : Hold to stocks
Quote for the day : My undergraduate education, at the City College in New York, was made possible only by the existence of that excellent free institution and the financial sacrifices of my parents.
Kenneth Joseph Arrow