Wall Street snoozes as investors hold their fire for tomorrow’s employment numbers. Few economic indicators move the market as much as payroll numbers and the outlook on inflation – and thus interest rates. If the numbers really disappoint, it could create a dip in this runaway market and an opportunity to buy. I'll stand by. Investors give short shrift to OPEC’s rumored threat to cut production to defend oil prices. The indices close flat.
In portfolio action IGE and SLV, the main beneficiaries of rising oil prices, rally. More analysts believe that core listings on EBAY are on the rise. It makes me more confident in the run-up I expect from EBAY this quarter.
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