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Friday, April 10, 2009

News On The March

While looking for earnings data for the past week, I ran across several news items of interest:

1)Goldman Sachs considers multibillion dollar equity offering: Goldman is going to use the money to pay back the $10 billion dollars it has recieved from the government so far (i would assume that does not include the money funneled to them through AIG). Now we know why the financials were rallied.

2)Fed orders banks to stay "mum" in stress test: Transparency? We don't need no steenkeeng transparency!

3) Associated Press declares recession over: That's right, the AP says the worst is behind us. They might eat those words in 6 months.

EDIT: Forgot to mention that the relative strength spreadsheet is updated.

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