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Wednesday, March 5, 2008

Wednesday 7:15 AM EST Market Review

A full slate of economic news this morning. ISM Non-Manufacturing data will likely carry the most weight today. Forecasts are for an improvement over last months number however a surprise to the downside is my expectation. As the economy has slowed, service sector jobs are likely in decline. Any number lower than the expected 47.6 could send stock markets down again today. Over night yesterday's commodity correction slowed. Oil climbed back over $100 and gold stabalized around $965 and grains rallied.

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