Market Soapbox 01/25/07
THU, broadbased plunge, DJIA -119 on higher volume with ugly internals. All DOWN BIG.
Bonds down BIG 10 yr 4.87, $ up 121.115y & 1.2937E, gold up $652.30, crude down 2% $54.28.
SP500 sharp drop from 1440 to 1424 with a spiking VIX, not a good sign. Break under 1420 closing for 2 days would be a BIG red flag.
Bonds down BIG 10 yr 4.87, $ up 121.115y & 1.2937E, gold up $652.30, crude down 2% $54.28.
SP500 sharp drop from 1440 to 1424 with a spiking VIX, not a good sign. Break under 1420 closing for 2 days would be a BIG red flag.
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