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An informal survey of investment/trading blogs finds a distinct bullish sentiment.
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Friday’s rebound, especially the strong finish, is taken as a precursor of an upcoming bullish week.
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The thinking is that now that the job numbers are behind us as well an upcoming week with no meaningful statistical announcements provides a recipe for upticks.
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Add to that the possibility of yet another Fed rate reduction and there is a feeling that we could be off to the races.
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Should Monday’s opening be weak look for it to be bought.
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Der Spiegel is reporting that NYSE Euronext is merging with Deutsche Boerse. This should set-up the other public exchange stocks mentioned to day in Barron’s: NDAQ, CME and ICE. Monday’s WSJ reports that talks, while they have been held, are dead.
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I loved that a meteor was filmed coming down to Earth. The man with the camera has now become a “rock”star. Now they think they found some fragments:
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guardian.co.uk – all 15 news articles »
