Monday, April 16, 2007

Stock Market is back up...

The stock market was up today, helped by more private-equity deal news by Sallie Mae, the largest student loan corporation, and a nice first quarter earnings report from Citigroup, which excluding extraordinary items, beat out earnings estimates for first time in years.

But, with today's tragic news at Virginia Tech, the stock market may start down, with mixed investor reactions and a general sense of insecurity.

What would be a good buy tomorrow? I would still think oil and good will be up. There could still be residual gains for Citigroup, while Sallie Mae may see a drop, as the possibility of a credit rating downgrade after the buyout may make deal makers reconsider.

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