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Wednesday, March 25, 2009

Nikkei Opens Lower On Thursday

The DOW flipped up, down, then up again today, gaining 89 while the S&P gained 7.

The big news today was data suggesting that housing starts have noticeably picked up and long lasting durable goods also picked up.

The financiers are still in a quandary and express uncertainty about the market but I do know that stock brokers are picking up business lately. Some people are buying and even seriously beat up real estate stocks are picking up a little.

Reuters: Nikkei dips 0.1 percent, defensive stocks weigh
Japan's Nikkei average slipped 0.1 percent on Thursday, as falls in defensive stocks such as drugmakers offset gains in exporters after unexpectedly strong economic data buoyed Wall Street.
Reuters: Wall St. rallies late as data offsets bond sale gloom
Stocks rose in a late rally on Wednesday as unexpectedly strong housing and durable goods data fueled hopes the economy is finally on the mend...

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