Market Soapbox 02/04/08
MON, downdraft, DJIA -108 on lower volume with lousy internals. All DOWN cept DJUA.
Bonds down 10 yr yield +6bps 3.65. $ down vs 1.4833E & up vs 106.75y, WTI +2% $90.47, gold down $907. TED spread down -10bps 0.91%
Last THU: "NDX 1850 & SP500 1375 will provide a stearn test." Still waffling about these numbers.
SP500 open 1395, drop to 1380. NDX open 1855, drop to close 1828.
Last week the largest weekly gain in 5 years on 125 bps in cuts.
THU:"Market could rise till 6th, then? European banks start reporting." Not quite the 6th yet, better hope the news is good.
Often wrong, but never in doubt, this is the Nattering Naybob and you're not.
Bonds down 10 yr yield +6bps 3.65. $ down vs 1.4833E & up vs 106.75y, WTI +2% $90.47, gold down $907. TED spread down -10bps 0.91%
Last THU: "NDX 1850 & SP500 1375 will provide a stearn test." Still waffling about these numbers.
SP500 open 1395, drop to 1380. NDX open 1855, drop to close 1828.
Last week the largest weekly gain in 5 years on 125 bps in cuts.
THU:"Market could rise till 6th, then? European banks start reporting." Not quite the 6th yet, better hope the news is good.
Often wrong, but never in doubt, this is the Nattering Naybob and you're not.
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