Today was a busy day for traders and followers alike. First Goldman Sachs(GS) set the day off blowing numbers away as they usually do but facing scrutiny for it. This was a good thing to see for the financial sector but these thoughts were quickly erased by President Obama’s address on banks and the rise in jobless claims. Oil inventories were up which put pressure on oil service sector and commodities. The Chinese came out with numbers to back their theory stated yesterday about needing to slow the economy. The tech sector was impressive with Google(GOOG) posting great earnings(listed in the previous post) and Advanced Micro Devices(AMD) posting their first 4th quarter profit in 3 years.
If there is one stock I would be watching tomorrow to show the true state of the economy, make is McDonalds(MCD).
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