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The market is set to be closed higher again following Monday\'s reversal. Nasdaq again is leading the market. Several big tech names, including Google, Apple, Amazon, Bidu and Rimm, are doing extremely well. However, the only problem with those stocks is they are much more expensive now compared to two months ago. Other than the tech sector, there is very few spotlight. Coach shocked the Wall Street by issuing a warning for the most important fourth quarter(normally they would issue upside guidance). It seems the subprime issue indeed affects certain groups of consumers. Oil dropped a little while the US dollar is lower against most currencies. Starting from tomorrow, several housing reports will bring more insights into the current housing market and it is worth paying attention to how the market will react to them. |
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