Wednesday, October 14, 2009

Baucus Bill!

Well, the Senate Finance Committee passed the bill yesterday, 14-9. All 13 Dems and 1 Republican voted for the Bill. Look for this story to dominate headlines--at least until the Dow crosses 10,000.

Very busy day for the LCT staff today. So, let's get right to it with the Overseas Boxscore:

Hang Seng: 1.95%

Straits Times: +1.50%

Shanghai: +1.17%

Kospi: +1.24%

Nikkei: -0.25%

U.S. futures are pointing to a higher open after Intel's solid earnings report yesterday. However, market direction will come from the JPMorgan release (expected shortly). A strong report will--no doubt--send the Dow above 10,000, once again.

Stay tuned for reports on JPM and INTC.

Talk to you,

Todd M. Schoenberger
Managing Director
LandColt Trading, LLC

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