Wednesday, May 27, 2009

Daily Report May 27

N Korea's said Wednesday it would respond with "immediate, strong military measures" if South Korea actually stops and searches any of the Norths’s ships under a U.S.-led effort to halt nuclear-weapons trafficking.
North Korea reiterated an earlier one in which it said the South's active participation in the effort would be a declaration of war and went on to add that it no longer considers itself bound by the armistice that ended the Korean War of the 1950s. The new statement was issued by the North's Korean Central News Agency.
U.S. stock futures fluctuated as Monsanto Co. tumbled following an earnings forecast that disappointed investors, while Bank of America Corp. gained after saying it has raised almost $26 billion in capital.
Monsanto, the largest maker of seeds, tumbled 4.3 percent after saying 2009 earnings will be at the low point of its previous forecast. Bank of America Corp. climbed after saying it has raised almost $26 billion in capital. Investors were also awaiting an industry report forecast to show that home resales probably rose last month as foreclosure auctions and lower prices lured buyers.

REITs under pursue today
ISLE sell short
Oil Service stocks have been down graded
NOA a buy above 85

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