Stocks slipping & sliding again. The Dow started out up 50, sounds good. But it has been sliding to where it's down 30, decliners are beating advancers 2-1. NAZ is up 10, helped by Oracle's (ORCL) earnings announcement after yesterday's close. They're up 1.39, nice gain. Today Bear Stearns (BSC) reported it's first quarterly loss, but it was less bad than had been feared. They're down only 1.39. FedEx fell 1.22 after posting a 6% decline in quarterly earnings due to high fuel costs & slowdown in the US economic. What's new?
Dow has been kicking around the low end of the 13-14K range all month. This range bound behavior probably will continue in the final days of Dec.
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