Buy. Throwback thursday as we said. This day in 2003 apple opened the iiphone store. We are expecting a slight decline, a big decline now in fact at the open. The dow down, the s p by 16 t nasdaq by about 10 points. Yesterday we did see a little bit of strength but not too much. And oil prices did hit highs of the year. That was the big story. 156 points the dow expected to open down. Lets have a look at the yield on the 10 year note. We did see a dovish reaction to the fed yesterday. Yield up to 1. 9 and now down to 1. 82. Still in the middle of the range weve seen. Meanwhile the big Global Market story. The bank of Japan Holding its Monetary Policy steady and cutting its inflation forecast. Most boj watchers had been expecting more stimulus. The yen soaring on the news. The euro and dollar dropping by comparison. Big drop for the euro in five years against the yen c, the dollar in something. There has been jawboning in the news where participants were led to expect policy action. And
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