Morning News

"I would rather be out, and wishing I was in...
Than in a market, praying I was out." LivewithOscar
"Stops are in, Emotions are out"

FOMC, considering The fed funds rate has already been slashed by 300 basis points since September, will 25 basis points be the end of cutting rates?

From the NY TIMES this morning....Your Health..
Senator and Presidential Hopeful McCain’s health care plan would shift the emphasis from insurance provided by employers to insurance bought by individuals, to foster competition and drive down prices. To do so he is calling for eliminating the tax breaks that currently encourage employers to provide health insurance for their workers, and replacing them with $5,000 tax credits for families to buy their own insurance, continue at NYTIMES.

Energy data:
CRUDE BARREL INVENTORIES, UP 3.8MILLION barrels, to 320 million barrels in the week ending April 25.

Technicals from Todd Harrison of Minyanville.
S&P 500; 1405, (but I think area as of now is like 1386-1397)
Dow transports: 5000; DOW JONES: 12,800; NASDAQ: 12,450; Russell 2000: 735.

MPM