Tuesday, May 08, 2007

Market Recap

Well it looks like buy the dip has worked once again. The major indices climbed from deep in the red to being flat to up for the day.Bad news or good news, it does not matter. Just keep buying. Thats the message the market is sending.

More speculation as Countrywide stock climbs as much as 10% on rumors of a buyout.

Two charged with insider trading on the Dow Jones buyout offer. These two are just small fish in my opinion.

McDonalds sales rise 4.8% with strong growth in the Asia Pacific region.

CSCO earnings will be released after market close. All eyes will still be on the FOMC decision tomorrow.

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