每日市场点评 - Oct 8, 2007

The market moved little at this Columbia\'s Day as the bond market is closed and both Canada and Japan markets are closed for public holiday. The trading volume is very light. US dollar got strengthened against both Yen and Euro while most commodities were closed lower. Several tech names, including Apple, Google and Rimm, continued to lead the market. Although most US indices and many emerging markets created new highs last week, some caution should be taken. For one thing, the credit market turmoil is not completely over. The LIBOR spread remains much higher than the pre-crisis level, so does the high yield bond spread. Second, according to several chain retailers, consumers seem to tighten their wallets somewhat after the turmoil. Third, the Fed minutes for the Sep 18th meeting will be released tomorrow and investors will try to look for signs that the Fed hasn\'t done its rate cutting job. However, whether investors will get what they want is still questionable.