Market Soapbox 02/28/08
THU, triple digit dip, DJIA -112 on average volume with horrible internals. All DOWN cept XOI, XAU.
Bonds up BIG 10 yr yield -17bps 3.65. $ punked vs 1.5191E & vs 104.755y, WTI +3% $102.46, gold +1.5% $971.3 TED spread up BIG +13bps 1.24%.
SP500 1380 gap down 1378, fall to 1363, rise to 1367. NDX 1799 gap down 1794, rise to 1808, fall to 1786, close 1794.
PG has climbed back from $62 to $68, but fallen off the last 2 days. We still smell rope burning.
Often wrong, but never in doubt, this is the Nattering Naybob and you're not.
Bonds up BIG 10 yr yield -17bps 3.65. $ punked vs 1.5191E & vs 104.755y, WTI +3% $102.46, gold +1.5% $971.3 TED spread up BIG +13bps 1.24%.
SP500 1380 gap down 1378, fall to 1363, rise to 1367. NDX 1799 gap down 1794, rise to 1808, fall to 1786, close 1794.
PG has climbed back from $62 to $68, but fallen off the last 2 days. We still smell rope burning.
Often wrong, but never in doubt, this is the Nattering Naybob and you're not.
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