Friday, January 11, 2008

US Market Summary 10 Jan 08

Dow 12,853.09 +117.78 +0.92%
Nasdaq 2,488.52 +13.97 +0.56%
S&P 500 1,420.33 +11.20 +0.79%

Analysis: Bernanke Adopts Greenspan Tone - AP
Fed Chairman Ben Bernanke borrowed a page from Alan Greenspan's crisis playbook when he promised emphatically to cut interest rates further if the weak economy needs the help.

Seems like the cycle continues as rate cut hopes spur the market again, will it stabilise the market this time round? or will it let US drop into recession sooner?
I think the signs will only be clearer next week.
For now I think a short term uptrend will be in place for the world market.

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