Schaeffer's Trading Floor Blog

No Worries...Part 3

by 10/25/2004 10:43 AM
Stocks quoted in this article:

News Flash - Federal Reserve Governor Susan Bies is unconcerned about oil or household debt...

My thoughts - What a shock...I guess Mr. Bernanke and Mr. Greenspan needed a break...


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Opening Thoughts

by 10/25/2004 9:58 AM
Stocks quoted in this article:

I wanted to give stocks a chance to settle into a groove before checking on the major indices. With half an hour under their belt, the indices are still trying to find their footing...

Index Index Value Point Change Percent Change
S&P 500 (SPX) 1091.0 -4.7 points -0.43 percent
Dow Jones Industrial Average (DJIA) 9716.2 -42 points -0.4 percent
Nasdaq Composite (COMP) 1907.7 -7.4 points -0.39 percent
Russell 2000 (RUT) 566.2 -1.6 points -0.28 percent
CBOE Market Volatility Index (VXO) 17.0 0.90 points 5.6 percent
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Citigroup Concerns Continue

by 10/25/2004 9:54 AM
Stocks quoted in this article:

Citigroup is ticking down to another new annual low and remains a concern...

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Pop Goes the Bond Market

by 10/25/2004 9:32 AM
Stocks quoted in this article:

The iShares Lehman 20+ Yr Treasury (TLT) opened with a pop and is challenging its high from September. For some perspective on the TLT, please see my post from two weeks ago "Bond...Treasury Bonds" if you haven't read it...


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Steady Gain

by 10/25/2004 9:00 AM
Stocks quoted in this article:

For what it is worth, S&P futures are still down, but have gained steadily as we approach the opening bell....


Chart Courtesy of Thomson/ILX


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