Friday, January 13, 2012

Celtics Rally,But Not Enough

The Boston Celtics staged a spirited rally against the Chicago Bulls Friday night,but could not close the deal in the end,losing by a score of 88-79.At one stage of the game,they had been down by 20 points,but climbed to within one point of the Bulls in the 4th quarter.
The win moved the Bulls to a record of 11-2,with seven of their wins on the road.Celtics coach Doc Rivers said we're a defensive team.We've got to get stops.That's the game.Commentator and NBA legend Magic Johnson described the Celtics as being too old and non-athletic.It doesn't look good.
Standouts at the TD Garden matchup in Boston included Derrick Rose of Chicago with his 25 points;and Ray Allen,who notched 16 points for the Celtics.
Stocks closed modestly higher for the week,with the S&P up about 1%.The S&P futures closed down 3.30,however,as Standard&Poor's announced it had downgraded the credit of France,Spain,Italy and others.Bond index futures rose.
A number of the financials will report earnings next week,including Citigroup and Goldman Sachs,as well as GE,which gives its results out on Friday.U.S. markets are closed Monday for the Martin Luther King holiday,but global markets will be open.
General Electric(GE),Citigroup(C),Goldman Sachs(GS)

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