MORNING MARKET COMMENTARY- Thursday, May 1, 2008Major Averages Erase Earlier Gains After Fed Cuts Rates - Kenneth J. Gruneisen, CANSLIM Certified, Registered Principal, Source Capital Group, Inc. (Members NASD, SIPC)The major averages closed lower, erasing earlier gains, after the Federal Reserve cut interest rates by the expected quarter point to +2%. However, they did not give any signals on future moves. Volume, an important indicator of institutional demand, was higher than the prior session which marked anot[...]
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[Source: The Money Blogs]
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