Markets are trying to work they way up. Dow is down a little but advancers beat decliers 2-1 & NAZ is up 12. Not too bad after yesterday. Chairman Bernanke, from the FED, said he doesn't expect a repeat of the Bear Stearns failure a couple of weeks ago. But he warned of a possible recession, they are trying to steady a shaky economy. Mortgage applications fell 28% during the week ending Mar 28 after a 41% decline in the prior week.
Best Buy (BBY), up 75¢, reported slightly lower profits which beat analysts forecasts. The markets are absorbing yesterday's gains pretty well, but economic news continues gloomy.
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