Thursday, May 31, 2007

Morning Market Comment

Brief today as I've been running around shuttling my daughter to a special school event.

In spite of the barely growing economy at .6% annualized growth in Q1, stocks are poised to open higher (the notion being the Fed won't need to lift rate and may need to cut). Deals continue to be the dominant theme with AG Edwards (AGE) being taken out at a $10 premium.

I've got anoher appointment I have to run out to. More early in the afternoon.

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