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MARKET COMMENTARY
David Fry (April 28th, 2008) Writes:
April 28, 2008
This was a pretty slow day and investors are going to mark time, absent other market moving news, until the Fed makes its next decision. The volume today was ultra-light.
Let’s face it; bulls have seized the tape with “the worst is behind us” line regarding financials and the credit crisis. From the WSJ was this quote attributed to T. Rowe Price portfolio manager Daniel Shackelford, “We established that the Fed was going to backstop the markets, keep things stable and slowly but surely nurse the markets back to health…risk-taking has come back in the market.” So, that’s the bullish spin.
And, things do look better, but hold on a second. Below is a …
Tags for this Post:
backstop, bad_news, bulls, commodity_prices, credit_crisis, Current Market News, health_risk, indexes, interest_rate, layoffs, portfolio_manager, QQQQ, risk_taking, t_rowe_price, wsj, XLE
backstop, bad_news, bulls, commodity_prices, credit_crisis, Current Market News, health_risk, indexes, interest_rate, layoffs, portfolio_manager, QQQQ, risk_taking, t_rowe_price, wsj, XLE
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