Nasdaq May Be In For a Tumble

by Sam Collins   07/01/09
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As for sentiment, no change. It's just as neutral as this time last week.

All of this adds up to a summer of lethargy.

With the temperature in the 90s and humidity sometimes in the 70s here in eastern Virginia, our Shih Tzu is moping around with the attitude that nothing will ever be the same again. Perhaps that's why they call these "the dog days of summer." It just seems that they will never end.

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Today's Trading Landscape

Earnings to be reported include: Constellation Brands, DemandTec, General Mills, Lindsay Corp., UniFirst and Unify Corp.

Economic reports due: June 26 Mortgage Refinance Application Survey, June ADP National Employment Report, June ISM Manufacturing Index, June Construction Spending, May pending home sales and June 26 U.S. Energy Department oil inventories.

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Sam Collins is a registered, fee-based portfolio manager who may be contacted at samailc@cox.net. You can also check out an archive of his most recent market outlooks.

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