Tuesday, June 09, 2009
Down and Up and Down
Late session strength on Monday leaves stocks near the flat line, but prospect of rising interest rates is bearish for equities. The Dow was up 1.36 points to 8,764.49. The SPX was lower by fell by 0.95 to a level of 939.14. We are in the green and looking ok.
Nothing much happened on the session as no news except interest rates rose on the view the Fed could hike rates later this year if the economy continues to show improvement.
Until next time.
Nothing much happened on the session as no news except interest rates rose on the view the Fed could hike rates later this year if the economy continues to show improvement.
Until next time.
# posted by Paul @ 4:42 AM 
