RIMM $42.4 momentum, 10% gain start from here in next week on the very short term target $46.5.
MTG $2.8 in the move. GTE $2.83 long over $3.
FBN $1.66 -19% touch the lower BB with unusuall volume 5.68M, could be rebounce.
today index
Dow ................. 8,579.11 .....-25.88.....(-0.30%)
S&P 500........... 887.88 .....+2.60 .....(0.29%)
Nasdaq ........... 1,564.32 .....+11.95 ....(0.77%)
Bush Approves $17.4 Billion Auto Bailout
WASHINGTON — President Bush announced $13.4 billion in emergency loans on Friday to prevent the collapse of General Motors and Chrysler, and said another $4 billion would be available for the hobbled automakers in February. The entire bailout is conditioned on the companies undertaking sweeping reorganizations to show that they can return to profitability.
12/16/2008
Wall Street rallies on Fed's rate cut
The Dow Jones industrial average rose 359.61 points, or 4.20 percent, to 8,924.14. The Standard & Poor's 500 Index jumped 44.61 points, or 5.14 percent, to 913.18. The Nasdaq Composite Index climbed 81.55 points, or 5.41 percent, to 1,589.89.
Fed cuts U.S. rates to record low
WASHINGTON (Reuters) - The U.S. Federal Reserve on Tuesday broke into uncharted territory as it chopped benchmark interest rates to as low as zero and pledged to use "all available tools" to turn back a deepening recession.
In a surprise and historic move, the Fed lowered its target for the interbank federal funds rate to a range of zero to 0.25 percent, a record low, from 1.0 percent, and said it was willing to keep rates low for an extended period.
"The Federal Reserve will employ all available tools to promote the resumption of sustainable economic growth and to preserve price stability," the Fed said.
MTG $2.8 in the move. GTE $2.83 long over $3.
FBN $1.66 -19% touch the lower BB with unusuall volume 5.68M, could be rebounce.
today index
Dow ................. 8,579.11 .....-25.88.....(-0.30%)
S&P 500........... 887.88 .....+2.60 .....(0.29%)
Nasdaq ........... 1,564.32 .....+11.95 ....(0.77%)
Bush Approves $17.4 Billion Auto Bailout
WASHINGTON — President Bush announced $13.4 billion in emergency loans on Friday to prevent the collapse of General Motors and Chrysler, and said another $4 billion would be available for the hobbled automakers in February. The entire bailout is conditioned on the companies undertaking sweeping reorganizations to show that they can return to profitability.
12/16/2008
Wall Street rallies on Fed's rate cut
The Dow Jones industrial average rose 359.61 points, or 4.20 percent, to 8,924.14. The Standard & Poor's 500 Index jumped 44.61 points, or 5.14 percent, to 913.18. The Nasdaq Composite Index climbed 81.55 points, or 5.41 percent, to 1,589.89.
Fed cuts U.S. rates to record low
WASHINGTON (Reuters) - The U.S. Federal Reserve on Tuesday broke into uncharted territory as it chopped benchmark interest rates to as low as zero and pledged to use "all available tools" to turn back a deepening recession.
In a surprise and historic move, the Fed lowered its target for the interbank federal funds rate to a range of zero to 0.25 percent, a record low, from 1.0 percent, and said it was willing to keep rates low for an extended period.
"The Federal Reserve will employ all available tools to promote the resumption of sustainable economic growth and to preserve price stability," the Fed said.
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