Bobby's Corner-Market Open 5.6.2008

Bob Slade — Tue, 06 May 2008 08:19:22 -0400

Tuesday May 6, 2008

Good Morning:

The dollar took a dive across the board as Fannie Mae reported a $2.19Bil loss for the 1^st Qtr. The loss was larger than expected. Fannie Mae is expected to cut its dividend and raise $6Bil of outside capital.

Stocks in Asia and Europe fell on poor results from UBS and Swiss Re.

US Futures are also lower this morning.

Oil: $ 119.64

Gold: $ 877.40

No Major Economic Data due today.

Bobby's Corner-Market Open 4.10.2008

Bob Slade — Thu, 10 Apr 2008 08:22:02 -0400

Thursday April 10, 2008

Good Morning:

The Euro traded over 1.59 versus the dollar overnight as traders await the interest rate decision by the ECB. As expected, the ECB left interest rates unchanged at 4%.

The BOE cut interest rates by 25 bps to 5% amid signs of a weak economy.

European equity markets are lower as concerns that corporate profits will be worst than expected as borrowing costs continue to rise with the ever growing credit crisis.

Weaker Dollar

Bobby's Corner-Market Open 5.6.2008

Bobby's Corner-Market Open 4.10.2008