Jan 31, 2005


The market is doing alright today with broad participation. The cyclicals stand out as particularily strong. The steel stocks also seem to be putting in an impressive day. Oil also reversed off morning lows and even managed to pull Haliburton (HAL) into the green. Silver stocks feel like they want to go green but not much has really changed for them since last week.

The news that Friday's GDP number may have been mistated seems like it would have hit bonds harder. It now appears in line with expectations so I am not sure why markets would not just rewind.

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