Market Soapbox 03/22/07

THU, sideways and down, DJIA +14 on average volume and midlin internals. All DOWN cept DJUA, MID, XOI, RUT.

Bonds down BIG 10 yr yield +4 bps 4.58, $ up vs 118.125y & vs 1.3331E, gold up $664.20, WTI crude up BIG +3.7% $61.82.

Yesterday: "In this wild and wacky market, maybe we go back to fill in the NDX 1808 - 1820 gap created 02/27?"

Today 1807 was the high, it just needs a little push up to cover it, tomorrow perhaps profit taking?

Semiconductors -1.28%, thifts & loans -1.2%, got punked again. Read today's veritable plethora of posts for our innermost thoughts.

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