Market Soapbox 03/05/08
WEN, wavy gravy, DJIA 41 on average volume with OK internals. All UP.
Bonds down 10 yr yield +10bps 3.70, $ down vs 1.5268E & up vs 104.07y, WTI +5% $104.4, gold +2.3% $988.5 TED spread up BIG +13bps 1.50%.
SP500 open 1327, rise 1344, fall 1320, close 1333. NDX gap up 1743 to 1746, rise 1768, fall 1737, close 1753
FRI: Remember the last three weeks, SP500 1325-50 & NDX 1750-1775, like a magnet.
We sense poor non farm payrolls could kick this dead man walkin down another BIG flight of stairs.
Often wrong, but never in doubt, this is the Nattering Naybob and you're not.
Bonds down 10 yr yield +10bps 3.70, $ down vs 1.5268E & up vs 104.07y, WTI +5% $104.4, gold +2.3% $988.5 TED spread up BIG +13bps 1.50%.
SP500 open 1327, rise 1344, fall 1320, close 1333. NDX gap up 1743 to 1746, rise 1768, fall 1737, close 1753
FRI: Remember the last three weeks, SP500 1325-50 & NDX 1750-1775, like a magnet.
We sense poor non farm payrolls could kick this dead man walkin down another BIG flight of stairs.
Often wrong, but never in doubt, this is the Nattering Naybob and you're not.
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