Friday, December 15, 2006

Good News Friday

Well the stock market looks poised to take off into record territory as this mornings CPI report came in showing inflation unchanged. Nasdaq futures are currently up over 17 points, suggesting a large gap at the open should things remain unchanged. Economists had forecast a 0.2% rise in the inflation rate so this is truly good news. This news should offset the oil production cuts announced by OPEC yesterday and hopefully give a much needed boost to WIRE.

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