S&P 500: 1,342.64 Change: +0.17%

Clark2005

P&P Score: 99.94 Points: 901.20 Accuracy: 48.00% Average Pick Score: 1.38 Annual Return: -6.33% (-23.32% since 6/7/08)

Clark2005's Blog : 7/17 Market News Collections

July 17, 2009

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Dow ... 8,743.56 ... +31.74 (0.36%)
S&P 500 .... 940.37..... -0.37 (-0.04%)
Nasdaq .... 1,886.61 .... +1.58 (0.08%)

CIT in talks with JPMorgan, Goldman-source --Reuters -
---- (Well, just don't feel it gonna work for CIT. Doubt JPM and GS would agree to lend CIT for such a huge ammount of money. If they did, that would be a bad deal for CIT. )
Bank of America Earnings Drop as More Money Is Set Aside for ...
Bloomberg -
Unemployment rises across the region Bizjournals.com -
Citigroup delivers surprise $4.3 billion profit CNNMoney.com
Summers Says US 'Close to a Level Path' to Recovery
Bloomberg -
US housing construction picks up as market bottoms AFP
OIL FUTURES: Crude Settles +2.5% At $63.56, Aided By Stocks
Wall Street Journal -
Regional US banks reports mixed results Reuters -
Stocks cap strong week with mixed finish - AP -
US: Unemployment tops 10 pct in 15 states in June -

Market sentiments are mixed. remain neutral and waiting for some good news coming out. one thing for sure, economy is stablized, and we already expect the big picture will be going good from next year. So, the market most likely have limited downside and may have higher expectation to go higher. Just wait for some trigger.

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