Low volume, low excitment day...but financials UYG (+3.07%) and housing ITB (+4.73%) continued rising before tomorrow's Fed announcement. Both are up over 20% in the past 5 days! Anything less than an expected 50bp cut tomorrow will be unacceptable to the market. I expect there to be profit taking in both of these either way.
YHOO missed after the close and gives a weak 2008 forecast Price down 10% after hours. GOOG reports Thursday after the close. Nasdaq downward pressure continues.
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