Wednesday, April 04, 2007
The Reposition Is On
We're back in the game.
We got filled at $1.00. I hope you did better. Again we have no downside risk in these troubled times.
Anyway the SPX finished the day slightly up 1.6 points to 1,439.37. We are in the green.
There was a raft of economic reports on the service-sector, employment and factory orders and they all came in weaker-than-expected. However the bad news was tempered by the good news in Iran. The 15 UK sailors have now been released and oil prices eased as a result. The markets have sighed a collective relief and this offset the bad economic news.
Next big report is out Friday, the employment numbers. The markets will be shut when the report is released so not sure how that one will play out. We'll see.
Until next time.
We got filled at $1.00. I hope you did better. Again we have no downside risk in these troubled times.
Anyway the SPX finished the day slightly up 1.6 points to 1,439.37. We are in the green.
There was a raft of economic reports on the service-sector, employment and factory orders and they all came in weaker-than-expected. However the bad news was tempered by the good news in Iran. The 15 UK sailors have now been released and oil prices eased as a result. The markets have sighed a collective relief and this offset the bad economic news.
Next big report is out Friday, the employment numbers. The markets will be shut when the report is released so not sure how that one will play out. We'll see.
Until next time.
# posted by Paul @ 3:32 PM 
