Market Soapbox 03/06/08
THU, double triple dip, DJIA -214 on average volume with devastating internals. All DOWN BIG.
Bonds up BIG 10 yr yield -11bps 3.59. $ punked vs 1.539E & vs 102.615y, WTI +1% $105.5, gold -1% $977.1 TED spread up BIG +14bps 1.64%.
SP500 open 1332, plunge down to 1304. NDX gap down 1753 to 1749, bounce to 1757, plunge down to 1710, close 1712.
SAT: close below SP500 1325 spells BIG trouble.
Earlier this week: We sense poor non farm payrolls could kick this dead man walkin down another BIG flight of stairs.
Chim-chim, strap on your crash helmet, negative jobs sends SP500 to 1270 fast.
Often wrong, but never in doubt, this is the Nattering Naybob and you're not.
Bonds up BIG 10 yr yield -11bps 3.59. $ punked vs 1.539E & vs 102.615y, WTI +1% $105.5, gold -1% $977.1 TED spread up BIG +14bps 1.64%.
SP500 open 1332, plunge down to 1304. NDX gap down 1753 to 1749, bounce to 1757, plunge down to 1710, close 1712.
SAT: close below SP500 1325 spells BIG trouble.
Earlier this week: We sense poor non farm payrolls could kick this dead man walkin down another BIG flight of stairs.
Chim-chim, strap on your crash helmet, negative jobs sends SP500 to 1270 fast.
Often wrong, but never in doubt, this is the Nattering Naybob and you're not.
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