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As of 10:30am ET, volume was still below the six-month average with advancers and decliners about par.
Natural Gas Inventories were within expectations: +65 BCF VS. EXPECTED RANGE OF +60 TO +65 BCF
MARCH WHOLESALE INVENTORIES: -0.1% V 0.5%E
- prior revised from 1.1% to 0.9%
HankyPanky Paulson says he expects the tax rebate checks to help consumers "right away" (a little sense of urgency there it seems) and reiterates that the US economy prospects remain ’solid’.
FITCH DOWNGRADES CIT ISSUER DEBT RATING TO A- FROM A, OUTLOOK NEGATIVE; AFFECTS $62B IN DEBT
Entries (RSS)
May 8th, 2008 at 11:02 am
Good Morning, Lisa,
I know that Chuck has previously posted that at some
point, he may open a position on the SDS. Are we
getting close to taking executive action?
Best Always,
Noel
May 8th, 2008 at 11:07 am
Rebate checks @ $300-$1,800? I would rather have my personal finances back stopped by the Fed at about $29 billion.
May 8th, 2008 at 11:19 am
Chuck says: I would say yes, keeping the stop at 54.85.