Befriend the Trend Trading Message Board

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Strategies & Market Trends : Befriend the Trend Trading

SPY 687.70

+0.7%

4:00 PM EST

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From: Dr. Stoxx	6/7/2005 8:05:36 AM
	of 39683

Market likes Greenspan's comments: 08:00 S&P futures vs fair value: +3.1. Nasdaq futures vs fair value: +3.5. Futures market versus fair value suggesting a higher open for the cash market as lower bond yields provide a floor of early buying support for stocks following comments from Fed Chairman Alan Greenspan... Yields on the 10-year note (+11/32) have fallen to 3.90% after Greenspan said he expects long-term rates to stay low and that the flattening spread between long-term and short-term rates does not necessarily indicate a slowing economy

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