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Millionaire Now! by Larry NusbaumThis blog is based on the organizational principles found in my new book, "Millionaire Now! - A Financial Toolbox with Seven Steps to Wealth". |
Pre-market Open News & Notes For Friday
"U.S. Stocks Head for Lower Open Amid Continued Credit Concerns; Central Banks Add Liquidity."
Gold for December delivery closed down $13.50, or 2%, at $672.80 an ounce on the New York Mercantile Exchange. That was the contract's weakest closing level since July 27.
Widespread weakness returned and weighed on most groups, especially hurting highly influential financial shares. The Bank ($BKX -3.95%) and Broker/Dealer ($XBD -3.66%) indexes were among Thursday's largest decliners, and the Retail Index ($RLX -3.80%) also fell precipitously. The energy group also dropped considerably as the Integrated Oil ($XOI -3.37%) and Oil Services ($OSX -2.88%) indexes endured large losses. The Networking ($NWX -2.48%) and Internet ($DOT -2.30%) indexes, two of the stronger tech indices this year, fell harder than the Biotechnology ($BTK -1.17%) and Semiconductor ($SOX -0.66%) indexes. The Healthcare ($HMO -2.82%) group, after it was a standout laggard on the prior session, continued falling further and hit new 2007 lows.
From 24/7 Wall St.:
- Europe Markets 8/10/2007 Slide Continues
- Media Digest 8/10/2007 Reuters, WSJ, NYTimes, FT, Barron's
- Asia Market 8/10/2007 Major Drops
From Trading Markets:
- 7 Stocks You Need to Know for Friday
- 7 Trading Ideas for Today
- Saks, J.C. Penney Weather the Retail Storm
From MarketWatch:
- Upgrades / Downgrades / Initiations for today
- Stocks in focus for Friday
- Thursday's biggest stock gainers and decliners
Wall Street Breakfast - What you need to know in early trading today.
Ideas and Links from a Volatile Thursday from Dr. Brett
Thursday's Top Biotech and Medical Stocks
David Fry's Market Outlook for Friday in Market Overview by David Fry on Aug 10th with stocks: GLD, QQQQ, SPY, TLT
Look For Leaders In Top Industry Groups from IBD- There were 43 high-ranked companies from the CANSLIM.net Leaders List that made new 52-week highs and appeared on the CANSLIM.net BreakOuts Page - {sign up is free}
The public will believe anything, so long as it is not founded on truth. – Dame Edith Sitwell (1887 – 1964)
- How Different Investments Did This Past Week
- Pre-market Open News & Links For Friday
- Canslim.net Morning Comment And Links (for Traders)
- Fed Sees Languishing Demand For West’s Housing
- There's More Agony To Come
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