Blip Day
Issue: 10/23/07 Tuesday
Today was a non-day. The market, being very fickle, moves on emotion, and there was no news that elicited any emotion today. The Dow did go up 109 points, but only on good earnings. Earnings can be good, and earnings can be bad. It just depends on the companies announcing on that day. So, I discount today’s up day as being just a blip.
Here are Tuesday’s closing details:
DJ30 – 13,676 (Up 109 points)
10 year US Treasury Bond – 4.40% (Up 0.01%)
Euro 1.4258
Gold closed at $763 per ounce. (Up $3)
Oil Closed at $85.27 (Down 0.75) – promising.
Gasoline is $2.11 (Down 0.02)
To be removed from this newsletter simply reply to this email telling me you wish to be removed.