It looks like MS is off the "Death Watch" list. They came to an agreement with Mitsubishi last night and all looks well, or at least they're still in the game. I think this is actually a good sign for the market because they're one of the first firms to make it after being put on the "Death Watch" list(as opposed to Wachovia, AIG, Freddie and Fannie, etc.). Maybe I'm speaking to soon, only time will tell.
Overall, the markets gapped up pretty big this morning but keep in mind that it's a holiday and the move might not mean much if volume is light today. We've been overdue for a bounce and we're finally getting it, both in the stock markets and forex; now it's time to stay alert and look for good setups for entering the longer term trends. Good luck out there.
TLT
No comments:
Post a Comment