Monday, March 31, 2008

What Happened To Good Ol Fashioned ’window Dressing’?

The market is getting a small boost at the open, but nothing to write home about.Lehman (LEH) was upgraded to Buy at Citi, a rare buy rating to be slapped on one of the brokers. Especially when rumors are swirling about more writedowns at Merrill (MER). The analyst at Citi said LEH has ample liquidity.JCPenney (JCP) warned that its profits would come in below expectations this quarter, and that is weighing on the retail stocks. Tech is higher across the board, as are biotechs again. Asian stocks were high[...]

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[Source: The Money Blogs]

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