Thursday, October 20, 2011

Market commentary

This morning bond prices are flat and stocks are trending lower. The weekly initial jobless claims were slightly above estimates coming in at 403,000 in the most recent week.
The main focus again today is Europe; the violence in Greece in front of the Greek Parliament’s vote later today on austerity measures, and the fact European authorities are not in agreement on a rescue plan, leaving the world waiting for signs of European stability and leadership.

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