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Terrorist Attack Avoided
Posted on 08/10/2006 00:00 AM | Link | Post Comment
The market has opened under some pressure this morning. The obvious headline is that the thwarted terrorist attack and elevated threat level is causing the selloff, but a lot of it is more likely related to yesterday's late day weakness spilling over.
Oil is down more than a buck ($75.25), as are other commodities as well as bond yields.
Surprisingly, the semis are bucking the early weakness. So are the retailers, which got some nice reports from TGT and JCP. Everything else is mixed.
'
Oil is down more than a buck ($75.25), as are other commodities as well as bond yields.
Surprisingly, the semis are bucking the early weakness. So are the retailers, which got some nice reports from TGT and JCP. Everything else is mixed.
'
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