Retail Thursday

Posted: April 10, 2008 in Forex, Futures, Psychology, Stocks, Technical Analysis, Trading

We are seeing a slight sell off on the open with LEH writing off 300 million in money market funds they are closing, couldn’t meet another margin call . .. Retail stinky at best today, and another 57k jobs lopped off the top. What me worry? Market isn’t worried so far. ECB keeps rates firm and Bank of England cuts. There is a glimmer for savers in Iceland they raised rates again to squelch inflation and no are near 15% on their basic interest rates in Iceland.

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