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<generator>Blogsmith http://www.blogsmith.com/</generator><item><title><![CDATA[Closing Bell: Another day of excuses to sell (BA, GS, MS, MGM, ORCL, SPEX]]></title><link>http://www.bloggingstocks.com/2009/06/24/closing-bell-another-day-of-excuses-to-sell-ba-gs-ms-mgm-o/</link><guid isPermaLink="true">http://www.bloggingstocks.com/2009/06/24/closing-bell-another-day-of-excuses-to-sell-ba-gs-ms-mgm-o/</guid><comments>http://www.bloggingstocks.com/2009/06/24/closing-bell-another-day-of-excuses-to-sell-ba-gs-ms-mgm-o/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://www.bloggingstocks.com/category/ba/" rel="tag">Boeing Co (BA)</a>, <a href="http://www.bloggingstocks.com/category/gs/" rel="tag">Goldman Sachs Group (GS)</a>, <a href="http://www.bloggingstocks.com/category/ms/" rel="tag">Morgan Stanley (MS)</a>, <a href="http://www.bloggingstocks.com/category/orcl/" rel="tag">Oracle Corp (ORCL)</a></p><img hspace="4" border="1" align="right" vspace="4" src="http://www.blogcdn.com/www.bloggingstocks.com/media/2007/08/bell-black-white.jpg" alt="" />The FOMC decision to keep rates at near-zero and <a href="http://247wallst.com/2009/06/24/fomc-risks-inflation-tomorrow-for-stability-today/">risk inflation ahead</a> did little to spur any excitement from equity traders. Or maybe that was just an excuse to sell after <a href="http://247wallst.com/2009/06/24/buffett-opines-on-green-shoots-inflation-apple-disclosure-and-bernanke-brk-a-brk-b-wfc-aapl/">Warren Buffett said there are no green shoots</a> out there. <br /><br />This was on the heels of a <a href="http://247wallst.com/2009/06/24/surprising-durability-in-durable-goods/">solid durable goods</a> number and on the heels of <a href="http://247wallst.com/2009/06/24/cheering-poor-new-home-sales-xhb/">weak new home sales</a>. It seems that news is just an excuse to pare down positions now in case we get that solid pullback so many traders were hoping for. Here are today's closing bell levels:<br /><br />Dow 	8,299.86 	-23.05 (-0.28%) <br />S&amp;P 500 	900.92 	+5.82 (0.65%) <br />Nasdaq 	1,792.34 	+27.42 (1.55%)<br /><br /><a href="http://247wallst.com/2009/06/24/top-10-analyst-upgrades-and-downgrades-adtn-ads-ba-lfc-db-emc-fcx-fsys-wfr-rvbd/">Top 10 Analyst Calls</a><p><a href="http://www.bloggingstocks.com/2009/06/24/closing-bell-another-day-of-excuses-to-sell-ba-gs-ms-mgm-o/" rel="bookmark">Continue reading <em>Closing Bell: Another day of excuses to sell (BA, GS, MS, MGM, ORCL, SPEX</em></a></p><p style="padding:5px;background:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.bloggingstocks.com/2009/06/24/closing-bell-another-day-of-excuses-to-sell-ba-gs-ms-mgm-o/">Closing Bell: Another day of excuses to sell (BA, GS, MS, MGM, ORCL, SPEX</a> originally appeared on <a href="http://www.bloggingstocks.com">BloggingStocks</a> on Wed, 24 Jun 2009 16:00:00 EST.  Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href="http://www.bloggingstocks.com/2009/06/24/closing-bell-another-day-of-excuses-to-sell-ba-gs-ms-mgm-o/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/forward/19077220/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/2009/06/24/closing-bell-another-day-of-excuses-to-sell-ba-gs-ms-mgm-o/#comments" title="View reader comments on this entry">Comments</a>]]></description><category>MGM</category><category>SPEX</category><dc:creator><![CDATA[Jon Ogg]]></dc:creator><pubDate>Wed, 24 Jun 2009 16:00:00 EST</pubDate></item></channel></rss>
