Friday, December 7, 2007

Quiet day

Stock averages barely changed by the end of the day. Advancers were a little ahead of decliners. Traders are waiting for the FED meeting on Tues, there probably will not be a lot happening on Mon. The bet is ¼ point rate cut, but I think it will be ½ point to make the financials happy. The Treasury bond yield rose to 4.12% as bond sellers cashed in profits. I wonder where their money is going.

Smith & Wesson Holding Corp (SWHC) dropped about 3 after cutting it's outlook for 2008. Want to help, buy more guns.

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