Monday, January 7, 2008

Awaiting Q4 earnings, stocks mixed

Little was decided by day's end on Wall Street. Dow & NAZ hardly changed with advancers about equal to decliners. Oversold stocks from the last few days (banks, REITs, etc.) rallied a little, but that's to be expected. The MLP index which had a nice one week rally, pulled back a point. Investors feel more confident about a rate cut at the month's end FED meeting but there is still plenty to worry about in an economy with major problems. Asian markets are watching the US closely.

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