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Non-Tech : Bill Wexler's Trading Cabana -- Ignore unavailable to you. Want to Upgrade?


To: RockyBalboa who wrote (5855)7/29/2009 7:14:49 AM
From: RockyBalboa  Read Replies (1) | Respond to of 6370
 
The markets are just ignoring bad news. Daimler posted a loss of 1B and a reduction in revenue by 25%. Daimler also reduced the outlook for the fiscal year.

The stock shot up 6.1% nonetheless and together with BMW contributes many points to the DAX. It is a very local german issue since the ESTX is trailing the dax by a half point at least.

SPX: so far no movement at 972, so far.