Wednesday, February 27, 2008

US Market Summary 26 Feb 08

Dow 12,684.92 +114.70 +0.91%
Nasdaq 2,344.99 +17.51 +0.75%
S&P 500 1,381.29 +9.49 +0.69%

It's a toxic economic mix the nation hasn't seen in three decades: Prices are speeding upward at the fastest pace in a quarter century, even as the economy loses steam.

Asia markets will rally, expect to see blue chips run today.
Look out for index stocks like Singtel, Wilmar and maybe even China stocks.
Synear may bounce off its lows yesterday.

Sell off before the end of the day and load some puts as Fed Chairman Ben is speaking tonight. Expect some pullback in the US market tonight.

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