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Monday, November 23, 2009
Thanksgiving Week Begins
Good morning. Futures are positive amid weakness in the U.S. dollar and positive action in overseas markets.
While there are no market moving headlines, some of the top stories include comments by Fed Bullard that U.S. should continue buying mortgage-backed securities past the first quarter of 2010, the NABE boosted its economic growth forecast for 2010 to 2.9%, an inline Chicago Fed Index, concerns over China's stimulus and state lenders, according to S&P the major U.S. banks still don't have enough capital to comfortably maintain their credit ratings, Wall Street finds profit in reducing mortgages and chatter for Jamie Dimon to take over as Treasury Secretary.
Read more of my premarket report.
Posted by Kirk at 8:50 AM in Premarket | Bookmark | Feeds | Link |
