每日市场点评 - Nov 2, 2007

The market is set to close relatively quiet on this Friday. However, the intraday activity is anything but quiet. Financial stocks especially brokers got hammered after WSJ reporting that there can be potentially more exposure and write-offs for Merrill Lynch, which hit a multi-year low in today\'s session. Oil hits another record close and now is above $95. Gold price, on the other hand, is back above $800 after nearly 28 years and now is within striking distance to break its historical high, which is $850. US dollar got weakened against several major currencies. As for Canadian dollar, it actually reached a new historical high with the US dollar and now is above 1.07 USD/CAD. Treasury bond also rallied as some investors tried to grasp risk-free assets amid continuous turmoil in the financial market. There won\'t be too much economic news next week and we have already passed two thirds of this earning season, so without any other shocking news, the market may finally take a breath.