November 17, 2007

Market Comments Submitted by Nick at Ambitions as a Stock Trader

By admin

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Submitted by My Ambitions as a Trader and Investor

Intra-Day Thoughts: The Markets Are Going To Have To Try Harder Than This…

…if they hope to regain their uptrend. With the DJIA up a measly 60 points (off from its intra-day high of 13,211), its clear to see that this bounce may be a bit harder than it seems. Credit worries are continuing to mount. Rising oil prices are not helping either. Even the Feds multi-billion dollar injection of funds into the economy has done little to ease investors and traders fears. Of course, it is still too early in the day to know where the market will close. Anything is possible. All I’m saying is that I’m still not impressed with the market bounce…yet.

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