It's been another wild week of earnings suprises and disapointments,auto bankruptcy rumours then backroom deals to try and save them. All and all the DOW cannot break through 8125 and that is what my reference to The Wall is , besides being the best album and concert of all time that I was lucky enough to experience.
The traders always seem to be transfixed on certain numbers for certain entities. For gold it's $1000, for oil it's $50 and for now the DOW has had several kicks at the 8125 can and can't tear down that wall. With all the swine flu news dominating things I am amazed it has held up as well as it has. This next week shall really tell the tale but we also have housing numbers out suggesting the rate of decline has slowed and maybe the worst is over but I don't have the sudden urge to go buy an overpriced piece of BC real estate anytime soon.
Note on Thursday, Emergeo Solutions is having a conference call for any interested. See their PR last week for the number.
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