Bobbys Corner-Open Market-Jan.22.2010
Good Morning:
The USD and financial sector stocks fell as concerns that President Obama’s plan to limit the activities banks can participate in will hurt bank earnings. Obama’s plan will restrict proprietary trading by banks, and cause some banks to shed their private-equity divisions. The banks will also be restricted when it comes to investing in buyouts.
Asian and European equity markets dropped, and US Futures are pointing to a lower opening this morning. This morning we had earning from GE-which showed a lower profit decline than analysts anticipated.
Schlumberger LTD the largest oilfield service provider after announcing that Q4 profit fell 31%.
Oil:$75.69 Gold:$1092.20
No major data today.
HAVE A GREAT DAY-WEEKEND & GOOD LUCK







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