300
11th December 2007, 07:51 AM
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The Dow Jones finished up 101 points ovenight with investors betting that they will get an interest rate cut overnight tonight. To add fuel to the fire, the National Association of Realtors reported that the forward-outlook index for US home sales rose in October for the second month in a row. With all the bank write-downs (declared losses) originating from the housing crisis, the financial sector should gain from some good news as far as the housing sector goes.
The ASX dropped 40 points yesterday which look to be profit taking from Friday's trading. Looking forward to a good announcement tonight in the US and see the entire global economy get a shot in the arm tomorrow :yep:
The Dow Jones finished up 101 points ovenight with investors betting that they will get an interest rate cut overnight tonight. To add fuel to the fire, the National Association of Realtors reported that the forward-outlook index for US home sales rose in October for the second month in a row. With all the bank write-downs (declared losses) originating from the housing crisis, the financial sector should gain from some good news as far as the housing sector goes.
The ASX dropped 40 points yesterday which look to be profit taking from Friday's trading. Looking forward to a good announcement tonight in the US and see the entire global economy get a shot in the arm tomorrow :yep: