Friday, March 09, 2007


Stocks are expected to open higher after February employment numbers came in line with expectations . The numbers however were the lowest since January 2005.

The trade deficit slid nearly 4% in January. A weaker dollar and a curbing of the US consumers appetite, for relatively more expensive foreign goods, played a part no doubt.

Overseas markets are mixed.No big gainers in Asia but India was down over 1%. Europe is a mixed bag as well, with a lack of clear direction.

My take: The markets will open strong, drift throughout the day and finish weaker on profit taking ahead of the weekend.

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