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24-Oct-07
Market report: 2007-10-24
At these levels, I feel that the market has to fall closer to 13,000 level for the Dow with the Fed meeting looming next week. If the stocks rally into the meeting, I feel that the Fed will not lower rates bringing the stock market down. However if the market shows that it is still vulnerable to the credit markets coming into the meeting, the Fed will have more reason to lower interest rates from which point the markets can rally. Right now, I am looking at a few stocks that meet my criteria and which would seem even more attractive. Among these stocks that I am reviewing are WATG and NTRI. Please let me know if you anyone has any insight on these stocks.
Posted at 07:25 in Market Report | Permalink | Comments () | Top
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