Expecting for the publication of positive data about a situation in the secondary housing market in the USA in November, shares on Wall Street have undertaken the moderate growth at opening the tenders on Thursday.

  The market’s activity is still extremely low, as many investors prefer not to participate in the tenders in the period between Christmas and New Year holidays.

  As a whole expectations for 2006 are quite positive. So, Tobias Levkovich, Citigroup expert, says that \"by the highest standards, the share market has been influenced negatively by high interest rates and expensive oil\".
  \"We hope that in 2006 negative influence of the above-mentioned factors can weaken and the prices for shares will go up. We think that our purposes on S&P 500 and Dow Jones indexes, correspondingly, 1,400 and 11,900, are conservative enough\", - the expert has noticed.

  Let\'s remind that now FED sets vector tone on Wall Street. As a result, on a background of absence of significant macroeconomic data, rather thin trading session has finished with insignificant letdown of leading indexes.
  As a result forecasts for 2006 have already been published, and now investors look ahead, looking back on FRS and expecting for signals about the end of a cycle of rates increase.

  \"Recently news about a condition of our economy were very positive, however the ambiguity of Fed policy keeps an intrigue. It is the same problem which prevailed over the market the last month\", - Scott Ren, A.G. Edwards and Sons analyst says.
  \"We finish this year almost there where we began. 2005 became year of contradictions: on the one hand we saw growing companies’ profits and strengthening economy, and on the other handr - constant pressure of FED. It is just that case when plus on a minus gives a zero\", - Russ Kosterich, senior portfolio-manager at Barclays Global Investments considers.

  As a result Dow-Jones index of New York stock exchange has fallen on 8.66 points and is at a level 10787.60. NASDAQ index has dropped on 9.19 points and is at a level 2219.75. S&P 500 index has lowered on 3.18 points and is at a level 1254.99.
  Profitability of the US state obligations for 30 years has fallen on 0.009 in comparison with the previous closing and makes up 4.530.

  As a result all our last recommendations hold good: keeping a temporizing policy to wait for deepening of correction of key stock indexes, and only after that to open long-term purchases of futures for indexes.
  Let\'s remind again that the optimal levels for opening long positions can become 10690 for Dow-Jones index. And 1237 is such level for S&P 500 index.