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E-Mini S&P 500: Will we return to prices of 10 years ago?
The onslaught of news that Osama Bin Laden has finally been neutralized takes me back to May of 2001and does the market cycle? Well the high of May 2001 was $1335.00 and from the E-Mini S&P 500 chart of today, we may be heading back to that zone. Hopefully, we will not have any other repeated occurrences of that year. Today, the US March Factory Orders were up +3.0 % showing a more healthy recovery as this was the fifth straight month reflecting an increase. The increases in the Crude Oil actually had more of a positive note in our earnings reports as US Automakers, GM and Ford Motors have increased sales due to sales of fuel efficient cars. Other earnings reports due out later by Toyota and some Japanese Car makers may not bode as well with the earthquake in Japan having impeded the production of parts. Earnings reports were mixed today as MasterCard Inc.
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