There is little news this morning, on this holiday shortened trading session. The biggest piece of news is that Merrill Lynch (MER) got a $6.2 billion infusion from the Singapore govt. and Davis Selected Advisors. This is helping boost the financials.Asian markets were up sharply overnight, and the Yen is a bit lower again today. The 10-year yield has bounced all the way back to 4.19%, reflecting an easing of recession fears. And oil is trading down on the day, but still up at $92.50.There are only 4 1/2 trading days left in 2007. [...]
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[Source: The Money Blogs]
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