Morning Market Look For 9/9/13
- Posted by UpsideTrader
- on September 9th, 2013
The only thing that has been more telegraphed than tapering is the possible attack on Syria. The debate will come to a head tomorrow evening when Obama makes his pitch to the nation for an attack. So over the next 24 hours we’ll see Obama and Kerry get more face time than Ryan Seacrest. Charlie Rose interviews Assad tomorrow night at 8PM. Does the market care anymore? The $SPX was fairly flat Friday and futures are higher this morning. We’ll see.
Japan gets the Olympics for 2020 and overnight Dollar/Yen traded above par overnight. Hopefully they can plug Fukushima by then.
China exports beat estimates for the second month.
Syria will be front and center this week, but “The Fed” will be front and center next week.
$IBM said it will close down its current healthcare plan for retired workers and subsidize healthcare for Medicare-eligible retirees. IBM said rising healthcare costs had made the current plan unsustainable.
Koch Industries is buying $MOLX for $7.2B or 38.50 per share.
Come by for a free trial here.
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.blog comments powered by Disqus
Joe was on Wall St, for twenty five years and his career took him to the retail, institutional and capital markets... More »
Subscribe to Upside Trader