Friday, March 30, 2007


The Dow and Nasdaq were up modestly. The S&P was off fractionally. Today was an action packed session though the final numbers do not reflect it. Up 70 on the Dow at one stage, than down 100. The bulls fought back with the help of quarter end window dressing to bring the markets to break even.

The US decision to impose trade sanctions on China was the impetus for the 100 point drop.

The stand off between Iran and the UK continues to bear down on the markets.

Rising income and consumer spending dampens any hopes of a rate cut.

Corn futures plummet as farmers plant crop in record numbers in part due to ethanol demand.

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