How does that account for the lower opening today?
Wall Street views uncertainty as the worse possible news.
How does that account for the lower opening today?
The market has been generally up, I'd guess profit taking.
As a matter of fact, I'd bet that the market will see some down ticks for the next week.
Followed by a minor rally to end the year.
But what do I know?
"Companies in the stem-cell sector showed gains after voters in Missouri narrowly approved a referendum guaranteeing federally approved stem-cell research and treatment will be available in the state. StemCells Inc. rose 33 cents, or 10.8 percent, to $3.40, while Geron Corp. rose 40 cents, or 4.8 percent, to $8.78. Aastrom Biosciences Inc. was up 13 cents, or 8.7 percent, to $1.62.
Also, companies in the mortgage business made advances on the notion that Democrats would push plans to broaden access to housing. Fannie Mae was up 50 cents at $60.40, while Freddie Mac was up 42 cents at $70.28."
Looks like investors will be jumping on the housing and stem-cell research bandwagon now.
http://news.yahoo.com/s/ap/20061108/ap_on_bi_st_ma_re/wall_street