Monday, April 23, 2007

NYSE Downgraded

Given my heavy criticism of the Hybrid Market, I thought the GS downgrade of the NYX to SELL was pretty interesting today.

11:09 (Dow Jones) Nasdaq (NDAQ) will continue to take market share from NYSE-Euronext as the exchanges implement SEC's Reg NMS, Goldman Sachs says.Upgrades NDAQ to buy from neutral; downgrades NYX to sell from neutral. NDAQ will benefit from Reg NMS as a low cost provider and robust electronic trader,firm says. Sees NYSE continuing to lose hybrid market share as it implements the new regulation in an "increasingly challenging environment for specialists," Goldman says. NYX down 4.1% to $88.57; NDAQ up 3.5% to $33.27.(CWH)

In other news, a 6 mile long asteroid just smashed down near the Yucatan Peninsula.

Heavy dust clouds have blacked out the sun here and this Dinosaur is feeling a little chilly.

Swing trading may be in this Dinosaur's future.

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