2.1.08
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2.1.08
It finally was a good week. The bulls were able to put in a good showing for the week as a whole. It very well may be showing investors that predictability is returning and that is a good thing. It is not quite there yet, but it is encouraging. In the last two weeks the Fed has lowered rates twice to the tune of 1.25%. It is a big deal and you would need to go back 25 years to find a similar situation. The week was made up of some good news and some bad news, some good earnings, and some bad earnings. Friday saw an offer from Microsoft to buy Yahoo for $31 a share. That amounted to a premium of around 60%. All of these happenings are what you would expect to see in a normal market. We will really be watching with interest to see what happens this coming week. Our Technical indicators are a hair away from flashing a “BUY” signal, so keep a close watch for a signal change next week. Till next time MTA Staff |
