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Wednesday, September 23, 2009

The Market On Wednesday

At 8:00 a.m. futures are slightly up, the dollar is down, and oil is down.

Investors are anticipating a statement from Bernanke this afternoon. Interest rates are expected to remain the same but they want to hear that the recovery is in process. They want positive feedback.

Incidentally did you see that GM is adding 3,000 jobs. source

Reuters: Stock futures flat to up slightly as Fed statement eyed
U.S. stock index futures were little changed on Wednesday ahead of a Federal Reserve statement that will be scrutinized for an insight into the central bank's assessment of the U.S. economy.

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