Rakhi is a spirit that upholds the lovely relation of a brother and his sister. Rakhi is a holy thread which a sister ties on the wrist of her brother on the auspicious day of 'Shravan Soodh Poornima'. In many parts of India, it is also known as Rakhi Poornima as it is celebrated on the day of the full moon. In western India, it is known as Nariyal Poornima. No matter in what name it is known as, and no matter how varied the customs are, the core...more
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Daily Stock Report for Tuesday Morning, March 16, 2010 pt1Stocks had little change today by the closing. The Dow30 was down most of the day and stocks had buying in the last hour or so to turn in a 0.16% gain for the day. The Nasdaq corrected 0.23% as tech stocks turned down after a strong run in the last two weeks. The S&P 500 ended with little change.The Federal Reserve will make an announcement tomorrow at 215pm regarding the monetary policy which is likely to keep interest rates the same but the language is what the market will be looking for that comforting words of interest rates likely to remain very low for an extended period of time.If any change or deviation from what has become the Fed mantra for over 12 months the market will react negatively. But we dont see any of that in the cards for tomorrow.A Citigroup analyst raised the rating of WMT, Walmart and the stock reacted by moving up 2.8% for the day, which is a large move for that stock. This indicates investors are wanting to believe in good news about the state of the consumers (I Wanna Believe must be a song).The European community said it is ready to propose a bailout on Greece but as usual, the French are...more
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Daily Stock Report for Tuesday Morning, March 16, 2010 pt1Summary OpinionThe Russell 2000 (small caps) and Nasdaq Composite (Techs) have exceed the January 2010 highs, establishing this as a bull market that is resuming after a pullback. When the...more