Market Soapbox 08/30/07
THU, split tape, DJIA -51 on low volume with poor internals. All DOWN cept NAZ, NDX, SOXX, XOI.
Bonds up 10 yr yield -3bps 4.52, $ up vs 115.795y & vs 1.3622E, gold down $673.9, WTI crude down $73.36
SP500 open 1463, up to 1468, then down 12 to close on 200 DMA 1456. YTD NAZ +5.8%; NDX +11.5% YTD...
as misinformed investors think tech will be somehow be immune to the financial solvency issue. Wake up & get real.
Since late June Baltic Dry Index +41%; even with an economic slowdown and new ships coming online...
dry bulk goods consumption will remain steady; as some shippers pay large dividents, a relatively "safe" harbor might be the large shippers and shipbuilders.
Yesterday: "The window dressing and short covering came sooner than we thought." With this market action, does anyone want to hang in over a 3 day weekend?
We sense another swing coming Sept 4 or 5. Often wrong, but never in doubt, this is the Nattering Naybob and you're not!
Bonds up 10 yr yield -3bps 4.52, $ up vs 115.795y & vs 1.3622E, gold down $673.9, WTI crude down $73.36
SP500 open 1463, up to 1468, then down 12 to close on 200 DMA 1456. YTD NAZ +5.8%; NDX +11.5% YTD...
as misinformed investors think tech will be somehow be immune to the financial solvency issue. Wake up & get real.
Since late June Baltic Dry Index +41%; even with an economic slowdown and new ships coming online...
dry bulk goods consumption will remain steady; as some shippers pay large dividents, a relatively "safe" harbor might be the large shippers and shipbuilders.
Yesterday: "The window dressing and short covering came sooner than we thought." With this market action, does anyone want to hang in over a 3 day weekend?
We sense another swing coming Sept 4 or 5. Often wrong, but never in doubt, this is the Nattering Naybob and you're not!
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