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Stock Continue To March Forward |
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Written by Administrator
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Thursday, 27 September 2007 |
Today was another boring day on Wall Street, with the markets climbing up a bit.
In contrast to the last four weeks, this week has so far seen a relatively stable market, with the S&P not breaking a 1% change on any day. The markets have moved up a fair amount this week though, as investors feel more comfortable investing in stocks due to the rate cut.
Potential volatility looms though. There is talk in Washington about tax increases, though Bush will likely veto any budget that contains one. There is still the hangover from the credit crunch, as well as speculation if there will be future fed cuts.
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