Wednesday, June 24, 2009

Wed 6-24-09

Dow 8,299.86 -23.05 (-0.28%)
S&P 500 900.94 +5.84 (0.65%)
Nasdaq 1,792.34 +27.42 (1.55%)
10y bond 3.70% +0.06 (1.65%)


Today there is Fed meeting. Estimate no change in Interest Rate, may have some comments on Econ. Basically said, econ not tank and pick up slowly. Market should not have a big reaction.

update: 4:00 p.m. No big surprise. Fed meeting impact became less important.
Today new home number not good. Down rather than up as expect.
Oracle post down revenue, but margin meet wall street. Stock up 7%.
Gordon expect big drop in mid July.

Will build put spread for Aug, Sept, Dec.

No comments:

Post a Comment